RPP - Senior Living vs. Multifamily with Daniel Morris

Dylan Marma and Mike Taravella interview Daniel Morris, Principal of Senior Housing & Healthcare of Plains Commercial, to discuss the niche of Senior Housing.

• Senior Housing is treated as a business that has real estate
• Trend for more specialized senior housing
• • More intensive care
  • Less intensive care - active lifestyle/independent living
• Operators of Senior Housing are generally specialized in 1 to 2 types of care max
• Payroll is the number one expense in operations of Senior Living
• Cap rates increase the more care is offered
• Preferable Markets:
• • Secondary & Tertiary Markets
  • • Less Competition for Labor
  • Primary Markets
  • • Being close to young families
• Expert Pro Tip: Partner with a vetted management company to learn systems and best practices

Contact Information:

Phone Number: (405) 445-5799

Email: [email protected]

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