All Forum Posts by: Joshua Jordan

Check out this article from the NIC.   

https://www.nic.org/news-press/older-adults-seek-senior-hous...

That's a really fair question but according to the data, we aren't even close. The numbers show demand is still growing fast. According to CBRE, about 10,000 baby boomers turn 65 every day, and by 2030, one in five Americans will be over 65. That group will keep growing for decades.  Until around 2050.   We should all hopefully be retired by then!

Most people over 65 will need some kind of long term care (the data says about 70%), and people are living longer than ever. Even in places with a lot of new buildings, like Phoenix, occupancy rates are still strong.

Also, millennials are actually a bigger group than the boomers, so this need won’t go away anytime soon. Experts say we’ll need around a million more senior housing units by 2040. 

One day oversaturation is probable as it happens in every asset class, i.e., short term rentals, self storage, etc.   Anything that's trendy.   We aren't even close to filling the gap in senior housing yet.  

To all passive investors

Demand for senior housing is growing fast as baby boomers age, and there aren’t enough quality care homes to meet it. We’re focused on buying residential assisted living homes through acquisition, and eventually renovation.

We’re looking for 10 to 16 bed memory care homes in the Southeast or Midwest in high income sub markets. Our team has the network and systems to run and grow these homes, and our goal is to scale to 10 to 30 properties. One home can cash flow around 10 to 15k a month. 

We’re open to partnering with long-term equity investors who want to grow with us.  We’re also open to mentoring individuals who want to learn about this asset class while helping us on the acquisition side.

I’ve been in commercial real estate for 8 years and have done deals in multifamily, mobile home parks, retail, and medical. Nothing compares to the returns we’re seeing in assisted living.

If this sounds interesting or you just want to connect, reach out.

I am interested in hearing more about the assisted living properties.  Are you guys looking for buyers or operators to lease them? 

We’re currently looking for residential assisted living acquisitions in the Southeast and are considering partnering to raise equity. I’ve been in commercial real estate for 8 years, and honestly, the margins in this asset class are some of the best I’ve seen. We’re also open to partnering with capital investors depending on return goals. Happy to chat more if anyone’s interested or wants to learn more.

We are actively searching for an RAL purchase in Georgia among many other states.  I've been persuing and educating myself on it for the last 2 years.  It's a great asset class and has better margins than any other real estate asset class that I have ever seen.  I'd be happy to connect with you about it if you'd like.  

We’re in the early stages of building a 16-bed assisted living and memory care facility in the Southeast, and it’s shaping up to be a solid opportunity. The demand is high, and the numbers are looking great. We’re looking for passive partners who want to see strong returns and be part of something meaningful—making a real difference in people’s lives. If this sounds interesting, let’s chat and see if it's a good fit for both sides.  

Looking for a money partner on a 45 lot park with 2 houses and a fourplex. All low-income housing. Owner will finance with 30% down at 6.75% over a 20-year term.

Asking Price: $1,875,000

Income and Expenses per the owner

Monthly income: $29,060

Monthly Labor: $1,480

Monthly Water: $200

Monthly Insurance: $250

Monthly Taxes: $200

Monthly Supplies: $800

Looking for someone to supply the down payment. We will implement a full-time property management company.

https://www.biggerpockets.com/buy_and_hold_results/983509.pdf?c=1551143241

Thank you for the clarification Susan.