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Scott McCorvie, CEO of Enhance Senior Living, discusses how senior living is different from other real estate segments as the management and operations play a major role in the financial performance and overall value. This article addresses the importance of selecting the right operator in senior living and why the real estate is actually less…
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Scott McCorvie, CEO of Enhance Senior Living, discusses that the primary competition for any senior living community is not other senior living communities. But, actually the resident’s own home. Therefore, we must rely on connection and engagement to compete with home isoloation.
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Scott McCorvie, CEO of Enhance Senior Living, discusses the Joint Venture ‘JV’ investment structure and how it is effectively used in senior living investment. If used properly, this investment structure provides strong alignment for both the owner and operator.
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Scott McCorvie, CEO of Enhance Senior Living, discusses the history of senior living design trends along with the future of senior living design. This includes design for various product types and how to incorporate operations in the design process.
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Scott McCorvie, CEO of Enhance Senior Living, describes the RIDEA structure and how it changed the senior living investment landscape. This article describes the hisotry, uses, highlights, and risks associated to the RIDEA structure in senior living.
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Scott McCorvie, CEO of Enhance Senior Living, discusses the important of per resent day analysis in senior living, along with the actual calculation and uses of the metric.
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Scott McCorvie, CEO of Enhance Senior Living, describes how to determin the feasibility of any senior living development or renovation project. This includes the cost of capital, expected return, and overall feasibility calculation.
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Scott McCorvie, CEO of Enhance Senior Living, describes the capitalization ‘cap’ rate and how it is used in senior living real estate valuation and investment. The article also discusses appropriate cap rates for various senior living products.
