RPP - Senior Living vs. Multifamily with Daniel Morris
Dylan Marma and Mike Taravella interview Daniel Morris, Principal of Senior Housing & Healthcare of Plains Commercial, to discuss the niche of Senior Housing. 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: [email protected] 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
Jake & Gino: Real Estate Investing & Multifamily · Dylan and Mike
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Show Notes
Dylan Marma and Mike Taravella interview Daniel Morris, Principal of Senior Housing & Healthcare of Plains Commercial, to discuss the niche of Senior Housing.
- 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: [email protected]
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
We're here to help create real estate entrepreneurs...
About Jake & Gino: Jake & Gino are multifamily investors, operators, and owners who have created a vertically integrated real estate company. They control over $350M in assets under management. Connect with Jake & Gino here --> https://jakeandgino.com.
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