What is the RIDEA structure? By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com  There’s been a lot of news lately about the RIDEA structure, but there seems to be some confusion on the make-up, utilization, and perceived benefits and risks of the structure. Within this article, I’ll examine the history of…

Per Resident Day Analysis in Senior Living By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com  Whether you’re creating a proforma model with varying lease-up and stabilization scenarios, or comparing the operating performance between different assets and operators, you’ve probably heard the term, “Per Resident Day” (PRD).  The PRD metric is…

Senior Living Development Feasibility By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com  With the increasing number of seniors housing transactions trading at a large premium to the replacement cost (sometimes double), along with the increased availability of construction debt, there seems to be a renewed energy in the seniors housing…