Rent Reset Flexibility – No renewal options; ownership can reset to market NNN terms. Defensive Asset Class – Needs-based assisted living with proven stability. High-Growth Demographics – Mesa/Phoenix among fastest-growing retiree markets. Strategic Location – Dense corridor near hospitals, medical offices, and retail. Healthcare Market Strength – Phoenix MSA anchored by top health systems. Operational Stability – Heavy tenant investment leads to sticky tenancy. Attractive Basis – Priced below replacement cost, offering downside protection. Favorable Supply Dynamics – Limited new development supports rental growth. Bite-Sized Deal – Sub-$2M entry point; fits private investors and 1031 buyers.