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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?…
