Palacio Dorado is the new construction of a 103‐unit senior apartment complex located in Toa Alta, Puerto Rico. Designed in a way that promotes an active lifestyle for the senior residents, it is considered an innovative residential model. The Property will consist of 103 one‐bedroom, one‐bathroom units across six, three and four story, elevator‐equipped (3) residential buildings restricted to seniors aged 62 years and older earning no more than 30% (52 units) and 50% (51 units) of the area median income (AMI).

Palacio Dorado is located in downtown Toa Alta, approximately 18 miles southwest of San Juan and is in walking distance from the main town square which includes a large grocery store, pharmacy, federal post office, and public transit terminal that provides transportation to San Juan and greater Puerto Rico.