From the desk:
I have two drafts in front of me for the same building and I have to pick one this month. The asset: 210 units, independent living with a light service package, meals and housekee…
Discussion
Our 88-unit age-restricted rental has residents aging into needing a little help, and we're losing them to an assisted living 20 minutes away at roughly double the monthly. The pi…
From the desk:
Underwriting is my day job and conventional apartments have been my lane for years. First 55-plus deal came across and half my template doesn't apply, so I'm going to ask the begi…
Loss
Two properties, 190 and 155 units, both marketed as independent living lite. Age-restricted, no personal care, but with a package that included scheduled transport, a concierge de…
Discussion
I got handed two sets of documents to read as practice, both age-restricted rental communities of roughly the same size. The first one is pure active adult. Nobody comes into the…