RANGE REALTY ADVISORS

3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219

214-416-8222 RANGEREALTYADVISORS.COM

SILVER RIDGECOLLEYVILLE, TX

SILVER RIDGE ASSISTED LIVING TARRANT COUNTY

OFFERING SUMMARY

SILVER RIDGEASSISTED LIVING

SILVER RIDGE ASSISTED LIVING PROPERTY OVERVIEW

2

Tract A (Building 1): 5314 Bransford Rd Colleyville, TX 76034

Tract B (Buildings 2 & 3): 412 Timberline DrColleyville, TX 76034

Tarrant

Colleyville / Mid-Cities

LOCATION

COUNTY GLA

SUBMARKET

Silver Ridge is an assisted living facility located in Colleyville, TX. The property’s three buildings occupy two tracts located on the north and south sides of Timberline Dr, immediately west of Colleyville’s City Park.

The property features private and semi-private units for its residents. Silver Ridge is currently configured to house 16 assisted living beds and 40 memory care beds for a total of 56 beds in addition to 4 independent living units. The facility was classified by the Texas Department of Aging and Disability Services as a “Type B, Large, Assisted Living Facility with Alzheimer’s certification.”

USES

Assisted living / Memory care / Rehabilitation

Individual buildings: See page 5Total: 20,319 SF

Individual buildings: See page 5Total: 56 beds & 4 independent living units

TOTAL BEDS/UNITS

Tract A: 44,867 SF (1.03 AC)Tract B: 38,735 SF (0.89 AC)Total: 83,602 SF (1.92 AC)

LAND AREA

Call for details

PRICING

Currently vacant

OWNERSHIP

SILVER RIDGE ASSISTED LIVING PROPERTY OVERVIEW

3

TRACT A (BUILDING 1)

TRACT B (BUILDINGS 2 & 3)

Tract A

GLABuilding 1 (built 1986): 11,110 SF

Units/BedsBuilding 1: 19 units/29 beds

Land Area: 44,867 SF (1.03 AC)

Parking: 35 spaces

Tract B

GLABuilding 2 (built 2013): 7,009 SFBuilding 3 (built 2013): 2,200 SF

Units/BedsBuilding 2: 17 units/27 bedsBuilding 3: 4 units

Land Area: 38,735 SF (0.89 AC)

Parking: 24 spaces

SILVER RIDGE ASSISTED LIVING AERIAL OVERVIEW

4

EW

TRACT B

TRACT A

TIMBERLINE N DR

BRA

NSF

OR

D R

D

COLLEYVILECITY PARK

SILVER RIDGE ASSISTED LIVING AERIAL OVERVIEW

5

Blank Map (For Exporting)Texas, AC +/-

Dillon CookP: 214-416-8223 rangerealtyadvisors.com/contact-us/ 3625 North Hall Street, Suite 630, Dallas, TX 75219

The information contained herein was obtained from sourcesdeemed to be reliable. MapRight Services makes no warranties or guarantees as to thecompleteness or accuracy thereof. 844.932.6277 - mapright.com

EW

COLLEYVILECITY PARK

COLL

EYVI

LLE

BLVD

COLL

EYVI

LLE B

LVD

GLADE RD

GLADE RD

GLADE RD

RIV

ERW

ALK

DR

BRA

NSF

OR

D R

D

TIMBERLINE N DR

COLLEYVILLE TERRACE

CHURCH ST

OAK CREST RD

TIMBERLINE S DR

BEA

R C

REE

K D

R

W L D LOCKETT RD

SILVER RIDGE ASSISTED LIVING PROPERTY PHOTOS

6

BUILDING 1

BUILDING 1

BUILDING 1 DINING AREA

BUILDING 1

SILVER RIDGE ASSISTED LIVING MARKET LEASE COMPARABLES

7

GRAND BROOK MEMORY CARE

ATRIA GRAPEVINE

LEGACY AT BEAR CREEK

DANCING RIVER

ELLERY ARBOR MEMORY CARE

ELMCROFT OF BEDFORD

250 Heritage Ave Grapevine, TX 76051 Average lease rate: $6,510/mo

3975 William D Tate Ave Grapevine, TX 76051 Average lease rate: $4,717/mo

200 Keller Smithfield Rd Keller, TX 76248 Average lease rate: $5,133/mo

3735 Ira E Woods Ave Grapevine, TX 76051 Average lease rate: $4,384/mo

8100 Precinct Line Rd Colleyville, TX 76034 Average lease rate: $5,000/mo

250 Heritage Ave Bedford, TX 76021 Average lease rate: $4,900/mo

MARKET TOTAL AVERAGE LEASE RATE: $5,107/MO

SILVER RIDGE ASSISTED LIVING INVESTMENT MERITS

8

PREMIER ASSISTED LIVING SITE

INVESTMENT MERITS

• Economy fueled by job growth, in-migration and corporate relocations.

• DFW has added more than 1 million residents over the past 8 years. In 2018 alone, the metroplex added 132,000 residents, the largest population gain in the country for that year.

• Corporate relocations help fuel in-migration and job creation. Most notable: Toyota North America, Liberty Mutual, State Farm, FedEx, JP Morgan Chase, Charles Schwab, and TD Ameritrade.

• DFW recorded a $613.4 billion GDP in 2019, making it the 10th largest metropolitan area economy in the world

• Approximately 15.9% of Colleyville’s citizens are aged 65+• Colleyville’s residents have a median age of 48• Population of 262,854 within a 5-mile radius

THRIVING DFW MARKET

DEVELOPMENT SUPPORT AND INCENTIVES

• No personal income tax in Texas• No corporate income tax in Texas • Low corporate franchise tax

QUALITY OF LIFE IN COLLEYVILLE

• Colleyville is well-recognized as one of the metroplex’s most prestigious suburbs.

• The area surrounding the property has a median household income of over $170,000.

• The city features 11 award-winning parks and greenbelts.• Owner-occupied housing unit rate of 96.3%• Median owner-occupied home value of $488,900• Estimated population growth of 18.2% from 2010 (22,805

residents) to 2018 (26,945 residents)• 65.6% of the city’s population over the age of 25 holds a

bachelor’s degree or higher

9

ABOUT US

SILVER RIDGE ASSISTED LIVING RANGE REALTY ADVISORS

• Valuations• Acquisitions and Dispositions• Conceptual Land Use Planning• Zoning and Regulatory Approvals• Public Improvement District (PID)

Formation• Strategic Marketing Plans• Property Entitlement and Advocacy • Debt and Equity Placement

• Investment Property Sales and Acquisitions

• Advisory and Consulting Services• Finance and Capital Markets• Real Estate Investments and

Management

Range is a full service commercial real estate brokerage, advisory, finance, and invest-ment firm. Our clients include individual, institutional, and international investors, developers, family offices, and governmen-tal entities. We represent clients seeking to acquire or sell real estate assets and assist in maximizing the return on those assets. To that end, we add value to investment real estate properties through procuring entitle-ment and regulatory approvals; enhancing property value through infrastructure ex-pansion; facilitating public/private partner-ships; and negotiating economic incentives from municipalities and other governmental entities.

OUR SERVICESAREAS OF PRACTICEWHAT WE DO

CONTACT INFORMATION

SILVER RIDGE ASSISTED LIVING ABOUT US

10

Our industry experts are here to provide you with the answers you need. Please feel free to contact Range Realty Advisors so that we may further assist you with your real estate needs.

Office: 214-416-8222 Desk: 214-416-8227 Cell: 214-287-7822 rgallman@rangerealtyadvisors.com

ROBERT GALLMAN Vice President

Office: 214-416-8222 Desk: 214-416-8224 Cell: 214-244-5047 cburrow@rangerealtyadvisors.com

CHRIS BURROW Managing Partner

11-2

-201

5

TYPE

S O

F RE

AL E

STAT

E LI

CEN

SE H

OLD

ERS:

A BR

OKE

R is

resp

onsi

ble

for a

ll br

oker

age

activ

ities

, inc

ludi

ng a

cts p

erfo

rmed

by

sale

s age

nts s

pons

ored

by

the

brok

er.

A

SALE

S AG

ENT

mus

t be

spon

sore

d by

a b

roke

r and

wor

ks w

ith c

lient

s on

beha

lf of

the

brok

er.

A BR

OKE

R’S

MIN

IMU

M D

UTI

ES R

EQU

IRED

BY

LAW

(A c

lient

is th

e pe

rson

or p

arty

that

the

brok

er re

pres

ents

):

Put t

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tere

sts o

f the

clie

nt a

bove

all

othe

rs, i

nclu

ding

the

brok

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ow

n in

tere

sts;

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form

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clie

nt o

f any

mat

eria

l inf

orm

ation

abo

ut th

e pr

oper

ty o

r tra

nsac

tion

rece

ived

by

the

brok

er;

An

swer

the

clie

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que

stion

s and

pre

sent

any

offe

r to

or c

ount

er-o

ffer f

rom

the

clie

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nd

Trea

t all

parti

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a re

al e

stat

e tr

ansa

ction

hon

estly

and

fairl

y.

A LI

CEN

SE H

OLD

ER C

AN R

EPRE

SEN

T A

PART

Y IN

A R

EAL

ESTA

TE T

RAN

SACT

ION

:

AS A

GEN

T FO

R O

WN

ER (

SELL

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ANDL

ORD

): T

he b

roke

r be

com

es t

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rope

rty

owne

r's a

gent

thr

ough

an

agre

emen

t w

ith t

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owne

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ually

in a

writt

en li

sting

to

sell

or p

rope

rty

man

agem

ent

agre

emen

t. An

ow

ner's

age

nt m

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the

bro

ker’s

min

imum

du

ties

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d m

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ater

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on a

bout

the

prop

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or

tran

sacti

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now

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agen

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info

rmati

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agen

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the

buye

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gent

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AS A

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T FO

R BU

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TEN

ANT:

The

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ker b

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yer/

tena

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agen

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agre

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to re

pres

ent t

he b

uyer

, usu

ally

thro

ugh

a w

ritten

repr

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tatio

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reem

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A bu

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age

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e br

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inim

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uties

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m

ater

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bout

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prop

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or t

rans

actio

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own

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e ag

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incl

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form

ation

disc

lose

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the

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the

selle

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selle

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gent

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AS A

GEN

T FO

R BO

TH -

IN

TERM

EDIA

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act

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n in

term

edia

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parti

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ust

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ain

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emen

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h pa

rty

to t

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rans

actio

n. T

he w

ritten

agr

eem

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mus

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ate

who

will

pay

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bro

ker

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old

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brok

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n in

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edia

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inte

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:

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all

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parti

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, with

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ach

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: ᴑ

that

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owne

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acc

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pric

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ss th

an th

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ritten

ask

ing

pric

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that

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info

rmati

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ucts

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bro

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lose

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ess r

equi

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.

AS S

UBA

GEN

T: A

lice

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cts

as a

sub

agen

t whe

n ai

ding

a b

uyer

in a

tran

sacti

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agre

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t to

repr

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bu

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bage

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ssist

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buy

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ust p

lace

the

inte

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wne

r firs

t.

TO A

VOID

DIS

PUTE

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LL A

GRE

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ETW

EEN

YO

U A

ND

A BR

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LD B

E IN

WRI

TIN

G AN

D CL

EARL

Y ES

TABL

ISH:

The

brok

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duti

es a

nd re

spon

sibili

ties t

o yo

u, a

nd y

our o

blig

ation

s und

er th

e re

pres

enta

tion

agre

emen

t.

Who

will

pay

the

brok

er fo

r ser

vice

s pro

vide

d to

you

, whe

n pa

ymen

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be

mad

e an

d ho

w th

e pa

ymen

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be

calc

ulat

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LICE

NSE

HO

LDER

CO

NTA

CT IN

FORM

ATIO

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his n

otice

is b

eing

pro

vide

d fo

r inf

orm

ation

pur

pose

s. It

doe

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cre

ate

an o

blig

ation

for

you

to u

se th

e br

oker

’s se

rvic

es. P

leas

e ac

know

ledg

e re

ceip

t of t

his n

otice

bel

ow a

nd re

tain

a c

opy

for y

our r

ecor

ds.

Info

rmat

ion

Abou

t Bro

kera

ge S

ervi

ces

Texa

s law

requ

ires a

ll re

al e

stat

e lic

ense

hol

ders

to g

ive

the

follo

win

g in

form

ation

abo

ut

brok

erag

e se

rvice

s to

pros

pecti

ve b

uyer

s, te

nant

s, se

llers

and

land

lord

s.

.

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nate

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of F

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RANGE REALTY ADVISORS

3625 N. HALL STREET, SUITE 630 DALLAS, TX 75219

214-416-8222 RANGEREALTYADVISORS.COM

THIS INFORMATION IS FROM SOURCES BELIEVED TO BE RELIABLE, BUT RANGE REALTY ADVISORS, LLC HAS NOT VERIFIED THE ACCURACY OF THE INFORMATION. RANGE REALTY ADVISORS, LLC MAKES NO GUARANTEE, WARRANTY OR REPRESENTATION AS TO THE INFORMATION, AND ASSUMES NO RESPONSIBILITY FOR ANY ERROR, OMISSION OR INACCURACY. THE INFORMATION IS SUBJECT TO POSSIBILITY OF ERRORS, OMISSIONS, CHANGES OF CONDITION, INCLUDING PRICE, OR WITHDRAWAL WITHOUT NOTICE. ANY PROJECTIONS, ASSUMPTIONS OR ESTIMATES ARE FOR

ILLUSTRATIVE PURPOSES ONLY. RECIPIENTS SHOULD CONDUCT THEIR OWN INVESTIGATION.