Senior Living Renovation Achieves 128.6% Total Project ROI

In December 2023, RMR completed a $654,000 renovation of Barrington Terrace at Boynton Beach, a 109‑unit assisted living and memory care community in Boynton Beach, Florida. The project focused on modernizing common areas, elevating interior design and enhancing the overall resident experience - all while preserving the property’s warm, inviting atmosphere. The renovation strengthened market competitiveness, improved resident satisfaction and delivered compelling financial performance.

Property overview

Barrington Terrace at Boynton Beach offers thoughtfully designed assisted living and memory care accommodations, with a mix of studio and one‑bedroom residences and a comprehensive suite of supportive amenities. The community prioritizes comfort, safety and connection, serving residents with varying levels of care needs in an environment designed to promote engagement and well‑being.

Renovation scope

The renovation strategy combined aesthetic upgrades with functional enhancements aimed at improving both resident experience and marketability.

Key improvements included:

• New flooring and interior paint throughout common areas.
• Contemporary, durable furniture selected for comfort and accessibility.
• Curated artwork reflecting the character and coastal charm of Boynton Beach.
• Upgrades designed to encourage interaction, support memory care needs and align the property with evolving senior housing design preferences.

The program balanced cost efficiency with high‑impact visual and experiential upgrades, revitalizing the property without requiring major structural work.

Performance impact

Following completion, Barrington Terrace experienced notable improvements across key operating metrics, underscoring the strategic value of targeted capital investment.

• RevPOR grew 29.5%, reaching $5,346.
• Occupancy grew 5% percentage points to 98.8%
• Total project ROI of 128.6%.

The renovation of Barrington Terrace at Boynton Beach demonstrates how strategic capital deployment - focused on enhancing the resident experience - can produce meaningful operational upside. By modernizing interiors, strengthening the community’s identity and improving market positioning, RMR delivered measurable value to residents, families and investors. As demand for high-quality assisted living and memory care continues to grow, Barrington Terrace is positioned for sustained performance.