Independent living in Lake Lure, NC

[Shashwat Ajmani]

Hi,

I'm looking at a couple of projects in the Lake Lure area of North Carolina. Does anyone have any thoughts on Senior living facilities being built in the area and if that county has good occupancy with demand to ensure refinancing and exits?

[Dj Pursell]

Interesting market to look at — but I’d be cautious with independent living in a smaller area like that unless the demand is really proven.

A couple things I’d personally want to understand better:

– Actual demand for independent vs assisted living (big difference operationally and financially)
– Who your end buyer is on exit and whether that market supports it
– Local population trends + income levels (can they actually afford it long term?)

Also the comment about the recent damage and closures is something I’d take seriously — that kind of thing can impact both short-term performance and long-term perception of the area.

If it were me, I’d want really strong data on demand and probably boots on the ground before getting too far into it.