The Navan project combines a 140-room nursing home and 40 high-quality apartments on a single, well-located site. The nursing home is pre-let on a 20-year FRI lease at €3m per annum, providing a stable, long-term income stream, while the apartments deliver additional development profit through build-and-sell.
Key Highlights:
Strategy & exit
The primary strategy is to construct and stabilise the nursing home, then either:
Sell the income-producing asset to an institutional investor, or
Hold it within the TaraFutures portfolio for ongoing income.
In parallel, the 40 apartments are developed and sold into the local market, creating a balanced profile of defensive income plus development profit.
Capital Structure: Navan is suited to
Senior Bank Debt
Secured against the nursing home and apartments, underpinned by the long-term lease.
Mezzanine Finance
To enhance leverage during construction, repaid on institutional sale or refinance.
Equity Investment
Sharing in capital uplift on the nursing home and apartment sales profit.
Digital Representation (in partnership with TaraFutures.com):
Each lender and investor in Navan holds a traditional legal position
which is also recorded as a digital certificate of interest on the Tara Futures platform. Over time, the nursing home income stream and associated equity positions may be among the first TaraFutures interests to evolve into fully compliant digital securities, subject to regulation.
