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Memory Care Investment | Part 1
Assisted Living, Assisted Living Broker, Assisted Living Brokerage, Enhance Senior Living, Memory Care, Memory Care Broker, Memory Care Brokerage, Senior Housing, Senior Housing Brokerage, Senior Housing Investment, Senior Living Brokerage, Senior Living Design, Senior Living Development, Senior Living InvestmentMemory 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…
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The Portfolio Premium in Senior Living
Active Adult, Assisted Living, Assisted Living Broker, Assisted Living Brokerage, Enhance Senior Living, Lifestyle Living, Memory Care, Memory Care Broker, Memory Care Brokerage, RIDEA, Scott McCorvie, Senior Housing, Senior Housing Broker, Senior Housing Brokerage, Senior Housing Investment, Senior Living Brokerage, Senior Living Design, Senior Living Development, Senior Living InvestmentThe 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…
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Is Senior Living Even Real Estate
Active Adult, Assisted Living, Assisted Living Broker, Assisted Living Brokerage, Enhance Senior Living, Lifestyle Living, Memory Care, Memory Care Broker, Memory Care Brokerage, Scott McCorvie, Senior Housing, Senior Housing Broker, Senior Housing Brokerage, Senior Housing Investment, Senior Living Brokerage, Senior Living Design, Senior Living Development, Senior Living InvestmentIs 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…
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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…
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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…
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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…
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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…
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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…
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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…
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Senior Living Cap Rates By Scott McCorvie, CEO of Enhance Senior Living enhanceseniorliving.com | seniorlivinginvestments.com | srgrowth.com If you’re involved in the senior housing real estate industry, you’ve likely heard the term ‘cap rate’ more than once. But, what is a cap rate? And, how does it affect the value of a senior housing property?…
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