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What do you think of when you hear the term “assisted living facility”? Most of you are probably picturing nursing homes, with orderlies and nurses and fully-equipped medical wards… probably something that most real estate investors would consider too much to take on.
However, assisted living facilities and senior care complexes tend to get a bad rap, especially considering the incredible investment potential they hold. Instead of thinking about assisted living facilities as old-folks’ homes or nursing homes, investors should look at these facilities as what they really are: multifamily investment opportunities.
Kris Chana is a an assisted living facility investor who brings a unique look at how multifamily investing strategies can be applied to this often over-looked asset class. Kris, along with his wife, Chelsea Chana, are the owners and operators of Chelsea Place Senior Care in Charlotte County, FL, Kris understands the potential for returns on senior care facilities. In addition to a full-time assisted living facility, Kris and Chelsea also own and operate a senior daycare facility. They are pioneers in applying traditional, multifamily investing concepts to senior living and this episode, Kris will be sharing their story along with tips on how investors can get involved in this unique and largely untapped asset class.
Find out about the untapped investment potential for Assisted Living Facilities!
- Not just an asset class for institutional investors
- Roughly 70% of ALFs are individually owned and operated
- Not nursing homes
- Does not require major medical component
- ALFs are largely private-pay
- More hospitality-driven than medically-driven
- Multifamily… with additional services
- Large demand for assisted living facilities through incoming baby-boomer generation
Strong ALF Markets in Florida
- Sarasota County
By email: firstname.lastname@example.org
Phone: (941) 883-6600