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

Episode 103 of the Jake & Gino: Real Estate Investing & Multifamily podcast, hosted by Dylan and Mike, titled "RPP - Senior Living vs. Multifamily with Daniel Morris" was published on October 9, 2019 and runs 18 minutes.

October 9, 2019 ·18m · Jake & Gino: Real Estate Investing & Multifamily

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Summary

Episode Description

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

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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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