Minimum investment is only $5,000! Investors can buy shares of this facility and earn passive income based on their equity ownership (e.g. those who invest $700,000 will receive 10% of the profits generated by the property). The investing process is fully digital - go to https://app.reinno.io/campaign/boca-recovery-center to invest in this property.
This investment represents a lucrative opportunity to take part in one of the most sought-after asset class across the U.S. While recovery centers are a scarce asset class in the U.S. due to the rare zoning, and special approvals it requires from the municipalities, the demand for it is on a constant raise especially in a warm and friendly environment such ad Florida. Additionally, this investment is a big hedge against global crisis, due to the number of people in need of rehabilitation increasing in challenging times. During COVID-19 period the occupancy level at this facility became very high.
Boca Recovery Center is a leading rehab center facility in Pompano Beach, Florida. The center operates since the 70s and went through extensive gut renovations in 2018. Today the center is in a mint condition. The property features two floors totaling approx.. 15,000 Sq. Ft, 22 Rooms, 41 beds, full kitchen catering the patients, gym, parking, outdoor courtyard, basketball court, lounge areas, and TV rooms. The first floor is used for providing primary care to patients on their first few days in need of more careful and supervised care (Detox), and the second floor is dedicated to a longer stay rehabilitation and recovery (Rehab).
This facility has two to four weeks programs, where first part is dedicated for treatment and second part for rehabilitation and recovery. Once they finish the program, the patient has few options in other types of facilities for longer-term support. As effective as the initial treatment offered in the facility may be, some patients are in need for longer term and day to day support, supervision, mentoring, and healthy surrounding to help them cope with their addiction.
The property will be managed by Citrus Equity Fund. CITRUS Equity Fund LLP is a fully integrated real estate owner/operator private equity firm based in New York and Florida that focuses on value-add residential and commercial projects. Citrus Equity Fund invests on its own balance sheet and in joint ventures with a selected number of partners, always striving for utmost transparency and full alignment of interests. The company enjoys exceptional industry recognition and has strong relationships with top tier operators, lenders, property owners, managers, brokers and equity partners. The principals of the company have a combined relevant experience of more than 30 year, where they have been involved in the acquisition, development and management of real estate properties in US and Asia totaling over $600 Million.
