Location
Executive Summary
The Park at Franklin (“Park”) was originally constructed in 1977 as an assisted living facility with 346 units. With the recent transition to a 55+ community the total unit count has been reduced to 302 units due to 44 of the units being “hotel-style” and without kitchens. Under this new model, Ownership deemed these units unrentable; however, 20 of these units are currently under a master lease with a post-hospitalization care provider. The remaining 24 units have been decommissioned, yet a new owner could easily retrofit them with kitchens and bring them back online.