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The Alloro at University Groves

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Offering Start Date: Amended January 6, 2020
Location: Sarasota, FL
Development Type: 183 Unit Independent Living Lite, 55+ Class A Senior Housing Rental Community
Total Raise: $13,300,000
Investment Units: $100,000 (133 available)
Minimum Investment: $50,000
Preferred Return: 8%
Projected IRR: To be provided in offering materials
Issuer: US Senior, LLC
Developer: United Development Corporation
Operator: United Plus Property Management, LLC
Eligible Investors: Accredited-only

Overview

The Alloro at University Groves is a 183-unit senior market rate rental community proposed for a 5+ acre site located on 3540 Broadway Avenue in Sarasota, Florida (Sarasota County).

The apartments will be in two three-story elevator equipped buildings with open corridors. There will be 90 one-bedroom units ranging in size from 708 to 1038 sq. ft, and 93 two-bedroom units ranging in size from 1,081 to 2,229 sq. ft. The spacious apartments will have nine foot ceiling heights, luxury vinyl plank flooring, ceramic tile bathrooms with some double bowl vanities, elegant kitchens with granite counter tops, task lighting, high quality cabinetry, and stainless steel appliances consisting of side-by-side refrigerators with water/ice in door, range, microwave range hood, dishwasher, and disposal. Each apartment will be equipped with a washer and dryer. All apartments will have a screened patio or balcony with sliding glass doors. The apartments will be equipped with energy efficient heating/cooling systems, appliances, and ceiling fans.

DISCLAIMER: UISRealEstate.com is a website owned and operated by United Investor Services Corp. (UISC). UISC is not a registered broker, dealer, registered investment advisor, investment manager or registered funding portal. This website contains a preliminary summary of the purpose and principal business terms of the investments offered by certain investment vehicles (“Issuers”) who are related to UISC. This summary information does not purport to be complete and is qualified in its entirety by reference to the more detailed discussion contained in the actual text of the offering materials and definitive documentation (collectively, “Offering Materials”) for each Issuer regarding each such investment which will be made available upon request after completion and submission of the request form found under “Get Started”. Further, the summaries presented on the UISC website do not constitute an offer to sell or a solicitation of an offer to make an investment herein. No such offer or solicitation will be made prior to the delivery of the Offering Materials relating to such investment. The information on this website does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, any securities to any person in any jurisdiction to whom or in which such offer or solicitation is unlawful.


The securities offered pursuant to the Offering Materials of each Issuer are available only to “Accredited Investors” – generally, natural persons must have a net worth of over $1 million (exclusive of residence) or income in excess of $200,000 individually or $300,000 jointly with a spouse. See “What is an Accredited Investor” found under “Get Started” for additional information. Each prospective investor should be aware that his or her status as an Accredited Investor must be verified by means acceptable to the Issuer which are described in more detail in the Offering Materials and may include (i) a certification by a registered broker-dealer, registered investment adviser, certified public accountant or licensed attorney, (ii) copies of tax returns, Form W-2, Form 1099 and similar reports, together with a representation relating to current income, and (iii) copies of bank statements, brokerage statements, certificates of deposit, tax assessments and appraisal reports relating to assets and a consumer report relating to liabilities. Only investors who provide acceptable verification of their status as “Accredited Investors” will be eligible to acquire make an investment in any Issuer.

Before making an investment decision with respect to any offering, potential investors are advised to carefully read the Offering Materials to be provided and to consult with their tax, legal and financial advisors. UISC does not give investment advice or recommendations regarding any offering posted on the website.

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