TJM purchased the 126 unit Balmoral Assisted Living Facility in 2011 in Lake Placid, FL. The time time of the purchase the property was running a roughly 11% operating margin with $200,000 NOI. Within a year of TJM ownership, the property had an NOI of $600,000 reflecting a 24% operating margin.

2011 Purchase Price: $7,600,000
2012 Sale Price: $15,224,971