Two Story Health Care: CSS Completed for 2004 Tax Year

This 2-story health care facility was acquired for a total purchase cost of $2,811,130. The building has total interior space of approximately 57,084 square feet. The facility was constructed in three distinct phases, and features forty oxygen-equipped patient rooms.

• Placed in Service: August 2001
 
• Cost Basis: $2,811,130
 
• Accelerated: $1,101,435 (39.2%)
 
• 1st Year Savings: Over $246,000*
 
• 10-Year NPV Savings: Over $243,000**

Assisted Living: CSS Completed for 2004 Tax Year

The property supports a total of 30 beds, with a mix of six private suites and 12 double suites. The building includes kitchen and laundry facilities. The facility has a total gross area of 59,540 square feet with a building footprint of approximately 13,000 square feet all located on the 1.37 acre site.The facility was placed in service in July 1999 and has a cost basis of $1,190,775.

• Placed in Service: July 1999
 
• Cost Basis: $1,190,775
 
• Accelerated: $513,215 (43.1%)
 
• 1st Year Savings: Over $130,000*
 
• 10-Year NPV Savings: Over $120,000**

Three Story Health Care: CSS Completed for 2003 Tax Year

This 3-story health care facility houses 32 independent apartments, 26 assisted living apartments, and a 42-bed residential – 12-bed skilled care nursing unit.

• Placed in Service: May 1998
 
• Cost Basis: $13,173,968
 
• Accelerated: $4,132,759 (31.3%)
 
• 1st Year Savings: Over $1,100,000*
 
• 10-Year NPV Savings: Over $928,000**