Summerfield Retirement was purchased in November 2010 for $9,500,000. At the time of purchase the property was 61% occupied and operating at a 25% margin. Within 8 months of TJM’s ownership the property was 84% occupied. By 2011 the NOI at the property was $1,897,394  representing a 42% operating margin.

2010 Purchase Price: $9,500,000
2012 Sale Price: $14,258,941