PFREI Series Episode 43 - Sean Casterline

Senior living is a topic that's been covered on the Passion for Real Estate Investments podcasts before, but we've never dived into the variety of opportunities within the senior living niche. The senior living niche has evolved from "nursing home" to communities with community chefs and places that look more like Disneyland!Show more

Many people ignore senior living communities because they still assume senior living is "nursing homes" or "facilities" instead of the amazing transformations that have happened in all areas of senior living. Investors who are considering this asset class can get involved in an active or passive level. They have a variety of options for investing in different types of properties (as well as groups of properties). They also have an opportunity to make a powerful lasting impact on a person's life

At the same time, work in senior living, like other types of real estate, has its risks and challenges. Like every type of real estate, location matters in real estate for senior living. You also have to worry about stabilizing your cash flow. As a managing director of Tuscan Gardens, Sean has firsthand knowledge of those issues. He shared with Fuquan how his business moved through and how his business managed to capitalize on these problems when other senior living communities were failing.

If you are an investor who has heard about real estate in the senior living space but wanted to know more about what it takes to get involved and maintain a successful, high-quality community (and get tips on other strategies you might want to consider), this episode will have everything you need to get started.

Highlights from the Interview
* Why real estate in the senior living niche?
* The demographic trends that make investing early in the senior market a good opportunity
* How to be an active or passive investor in the senior living space
* What to look for in a good senior living community
* Handling moves and transitions with senior residents the right way
* How senior living has evolved from nursing homes to beautiful communities with amenities
* Risks of investing in the senior living space
* Finding a good location for a senior living investment
* How companies like Tuscan Gardens balance cash flow and vacancies