RPP – Senior Living vs. Multifamily with Daniel Morris

• Senior Housing is treated as a business that has real estate
• Trend for more specialized senior housing
  • More intensive care
  • Less intensive care – active lifestyle/independent living
• Operators of Senior Housing are generally specialized in 1 to 2 types of care max
• Payroll is the number one expense in operations of Senior Living
• Cap rates increase the more care is offered
• Preferable Markets:
  • Secondary & Tertiary Markets
    • Less Competition for Labor
  • Primary Markets
    • Being close to young families
• Expert Pro Tip: Partner with a vetted management company to learn systems and best practices

Contact Information:

Phone Number: (405) 445-5799

Email: daniel.morris@plainscre.com

Attend Multifamily Mastery 3 and use the discount code “RPFAM” for 20% off!

Invest with Rand Partners
Follow Us on Linkedin @Randpartners
Follow Us on Instagram @Randpartners
Follow Us on Facebook @Randpartners