Family Office
Confidential: For Selected Reshape Wealth Clients Only
Nothing is to be considered a recommendation and Sponsor is not to be contacted directly. Investment suitability is determined by Reshape Wealth.
Webinar: |
Link goes here |
Fund Target Amount: |
$25-$40M |
Marketing Deck: |
Link goes here |
Misc???? |
$100000 |
Webinar: |
Link goes here |
Marketing Deck: |
Link goes here |
Fund Target Amount: |
$25-$40M |
Misc???? |
$100000 |
Bourne Seniors Housing VI, LLC
The Company intends to acquire value add seniors housing properties, including independent living, assisted living, and memory care communities (the “Communities,” each, a “Community”) with below market occupancy rates and/or below market rental rates.
The Company anticipates it will be able to increase the revenue of the Communities through operational improvements or enhanced sales and marketing efforts.
| Targeted Investor IRR: | 12% |
| Targeted Equity Multiple: | 2.5x |
| Targeted Investment Period: | 6 years |
| Investment Type: | Senior Housing Facilities |
| Investment Profile: | Value Add |
| Sponcer Co-Invest: | 1% |
| Target Distribution Start Date: |
After obtaining facilities at managers discretion
|
| Preferred Return: | 10% |
| Investment Close Date: | 12/31/2022 |
| Minimum Investment: | $25000 |
| IRA Investments: | Yes |
| Leverage: | 55-65% |
Investment Highlights
Bourne Financial Group, LLC (the “Sponsor”) is offering to investors the opportunity to invest up to $25M in Bourne Seniors Housing VI, LLC, Delaware limited liability company (LLC) (the “Company”). This company intends to acquire existing Senior Living facilities (independent living, assisted living, and memory care) that present value-add opportunities. This is a slightly different fund from previous Bourne Seniour Housing funds, where the main focus was to develop new facilities. Bourne Seniors Housing Manager VI, LLC (the “Managers) will act as the manager of this fund, and they might joint venture with other managers.
The minimum investment amount is $25,000.
The Company intends to acquire value add seniors housing properties, including independent living, assisted living and memory care communities (the “Communities,” each, a “Community”) with below market occupancy rates and/or below market rental rates. The Company anticipates it will be able to increase the revenue of the Communities through operational improvements or enhanced sales and marketing efforts. The Company expects to seek investments in Communities that will allow the Company to make monthly distributions commencing approximately 12 months after its initial Community is acquired and ultimately provide members of the Company (the “Members”) with an overall total return target equal to a 10% cumulative, non-compounded annual return over the investment hold period.
There is no assurance that any of these objectives will be achieved.
| Selling Commissions | 6% (not applicable to RIA) |
| Non-accountable marketing and due diligence allowance | 1.25%, reallowable |
| Placement fee | 0.75% |
| Wholesaler fee | 1.25% |
| O&O reimbursement | 2.00% (estimated) |
| Acquisition fee | 1.50% of the purchase price and cost identified capital improvements |
| Asset Management Fee | 0.50% of total project cost |
| Property Management Fee | 5.00% of gross revenue |
| Operating Expense | Reimbursement for all actual costs |
The Members will be entitled to a 10% cumulative but not compounded annual return on a Member’s Net Capital Contribution (the “Preferred Return”).
Cash From Operations (which includes proceeds from the sale or refinancing of the Communities) will be distributed in the following order of priority:
(1) First, 100% to the Members, in proportion to their accrued but
undistributed Preferred Return, until the Members have been distributed an amount equal to their accrued but undistributed Preferred Return (a 10% cumulative but not compounded annual return on a Member’s Net Capital Contribution);
(2) Second, 100% to the Members in proportion to their Net Capital Contributions, until the Members’ Net Capital Contributions are reduced to zero; and
(3) Thereafter, 80% to the Members and 20% to the Manager.
The Property
Bourne Financial Group, LLC (the “Sponsor”) is offering to investors the opportunity to invest up to $25M in Bourne Seniors Housing VI, LLC, Delaware limited liability company (LLC) (the “Company”). This company intends to acquire existing Senior Living facilities (independent living, assisted living, and memory care) that present value-add opportunities. This is a slightly different fund from previous Bourne Seniour Housing funds, where the main focus was to develop new facilities. Bourne Seniors Housing Manager VI, LLC (the “Managers) will act as the manager of this fund, and they might joint venture with other managers.
The minimum investment amount is $25,000.
The Company intends to acquire value add seniors housing properties, including independent living, assisted living and memory care communities (the “Communities,” each, a “Community”) with below market occupancy rates and/or below market rental rates. The Company anticipates it will be able to increase the revenue of the Communities through operational improvements or enhanced sales and marketing efforts. The Company expects to seek investments in Communities that will allow the Company to make monthly distributions commencing approximately 12 months after its initial Community is acquired and ultimately provide members of the Company (the “Members”) with an overall total return target equal to a 10% cumulative, non-compounded annual return over the investment hold period.
There is no assurance that any of these objectives will be achieved.
| Selling Commissions | 6% (not applicable to RIA) |
| Non-accountable marketing and due diligence allowance | 1.25%, reallowable |
| Placement fee | 0.75% |
| Wholesaler fee | 1.25% |
| O&O reimbursement | 2.00% (estimated) |
| Acquisition fee | 1.50% of the purchase price and cost identified capital improvements |
| Asset Management Fee | 0.50% of total project cost |
| Property Management Fee | 5.00% of gross revenue |
| Operating Expense | Reimbursement for all actual costs |
The Members will be entitled to a 10% cumulative but not compounded annual return on a Member’s Net Capital Contribution (the “Preferred Return”).
Cash From Operations (which includes proceeds from the sale or refinancing of the Communities) will be distributed in the following order of priority:
(1) First, 100% to the Members, in proportion to their accrued but
undistributed Preferred Return, until the Members have been distributed an amount equal to their accrued but undistributed Preferred Return (a 10% cumulative but not compounded annual return on a Member’s Net Capital Contribution);
(2) Second, 100% to the Members in proportion to their Net Capital Contributions, until the Members’ Net Capital Contributions are reduced to zero; and
(3) Thereafter, 80% to the Members and 20% to the Manager.
Bourne Seniors Housing VI, LLC
The Company intends to acquire value add seniors housing properties, including independent living, assisted living, and memory care communities (the “Communities,” each, a “Community”) with below market occupancy rates and/or below market rental rates.
The Company anticipates it will be able to increase the revenue of the Communities through operational improvements or enhanced sales and marketing efforts.
| Targeted Investor IRR: | 12% |
| Targeted Equity Multiple: | 2.5x |
| Targeted Investment Period: | 6 years |
| Investment Type: | Senior Housing Facilities |
| Investment Profile: | Value Add |
| Sponcer Co-Invest: | 1% |
| Target Distribution Start Date: |
After obtaining facilities at managers discretion
|
| Preferred Return: | 10% |
| Investment Close Date: | 12/31/2022 |
| Minimum Investment: | $25000 |
| IRA Investments: | Yes |
| Leverage: | 55-65% |