Senior Living Brokerage
Senior Living Investment Brokerage By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com (Orlando, Fla.) February 8, 2022 – Senior living veteran Scott McCorvie has devoted his 18-year career to helping improve the senior living industry, and with his new venture, Vita Senior Living, he is placing the focus squarely on…
Lifestyle Living is Active Adult. By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com There’s a new leader in the senior living spectrum that’s receiving the most attention. Although most refer to this segment as active adult, age-restricted apartments, or independent living light, I’ve coined a much better term for this…
Underwriting Senior Living By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com As demonstrated in some of the latest senior living acquisitions and announced senior living development deals, there are a lot of new entrants into the industry. I’m sure these groups are well versed in underwriting commercial real estate, but…
Memory Care Investment | Part 2 By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com In the first segment of this two-part series, I discussed a brief history of the memory care product, as well as a summary of the programming and design benefits compared to traditional assisted living or a…
Memory Care Investment | Part 1 By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com Memory Care is the newest product type in senior living, and due to its specialized care and higher potential yield, it quickly grabbed the attention of many senior living investors. And, with the inflated rent per…
The Portfolio Premium in Senior Living By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com srgrowth.com During discussions with varying senior living owner/operators and smaller investment groups about their exit strategy, I hear the phrase, “portfolio premium” thrown around a bunch. But, I question if these groups really understand the methodology…
Is Senior Living even Real Estate? By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com I laugh sometimes when I talk with different investment groups trying to enter the industry. They rattle off all types of ad-hoc numbers and calculations from complex spreadsheets, and quote different terms and sophisticated verbiage from…
The Greatest Competition in senior living By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com When most people think of the greatest competition for a seniors housing community, they think of the impressive new development being constructed down the street or a community nearby undergoing a large renovation project. However, this…
joint venture structures in senior living By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com I get a lot of questions regarding different structures for seniors housing real estate investment. Most of you are probably aware of the traditional sale-leaseback, or sale-manageback (RIDEA) in seniors housing. But, with private equity groups…
Senior Living Design trends By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com Throughout my career, I’ve been fortunate to have toured hundreds of seniors housing communities in markets across the United States. Like many others, I can usually estimate the year the property was built when I first drive around…