ACARA is pleased to present the opportunity to invest in or acquire 2400 Filbert Street, Oakland, California, a Qualified Opportunity Zone (QOZ) development to be approved “by right” for a 193-unit, 386-bed Assisted Living and Memory Care facility. Options include an outright purchase of the property or a structured equity investment through a Qualified Opportunity Fund (QOF). Emerald Park represents a rare convergence of high-impact social value, recession-resilient demand, and superior risk-adjusted returns for accredited investors. The site is approved for approximately 90,000 square feet of secured living area providing Level Care Tiers 3 and 4, the highest level of residential memory care, utilizing modular construction to reduce costs and accelerate delivery. The facility is designed to redefine the assisted living experience, featuring resort-caliber amenities including a bistro coffee shop, full-service spa and salon, chef-developed menus, an on-site movie theater, yoga and meditation hub, art and music studios, private dining rooms, and weekly live entertainment, elevating daily life well beyond the traditional nursing home model. The project directly addresses a documented and growing humanitarian crisis. As of April 2025, California has over 12,000 low-income seniors enrolled in the state’s Assisted Living Waiver (ALW) program and waiting for an available bed. With the incoming “Silver Tsunami” driving demand primarily among low-income seniors, there are currently no comparable facilities serving this population in the Bay Area and no new developments underway to address the shortage. Monthly ALW reimbursements are paid directly by the California Department of Health Care Services, creating a government-backed, recession-resistant revenue stream from day one of operations. Financial projections are exceptional. Conservative underwriting targets stabilized operations at 85% occupancy within two years, generating an LP Internal Rate of Return of 30.9%, an equity multiple of up to 7.1x, and Cash-on-Cash returns exceeding 50%, with investor capital projected to be returned within three to five years of operations commencing. As a QOZ investment, participants also benefit from capital gains deferral, a step-up in basis at five and seven years, and 100% federal tax-free appreciation upon a 10-year hold. Upon stabilization, Emerald Park is positioned as a prime acquisition target for Real Estate Investment Trusts (REITs) and large senior healthcare operators seeking to expand in Northern California, providing a well-defined and liquid exit for all investors.