TJM Purchased the 152 unit Bayside Terrace with 162 licensed beds in 2011. At the time of the purchase the property NOI was $984,000. After TJM implemented new management and marketing operations, the NOI was able to rise 12.2% before the sale and the Gross Revenue at the property had risen 15.1%

2011 Purchase Price: $5,250,000
2012 Sale Price: $18,942,568