704: Senior Living Generates Significant cash Flow

Although prices on multifamily have come down from their peak more than at any other time in recent history, they still have more to go before they present a good buying opportunity. Rents have not risen, interest rates have not been lowered as anticipated, and oversupply persists in many markets. Yet prices are not reflecting these headwinds. Senior living, on the other hand, can generate 8% yield year one with significant upside. Kent Eichanas, CEO of Stackstone Ventures, has acquired several off-market Senior Living facilities in secondary and tertiary markets and is generating big returns for his investors. While cap rates are starting to compress, Kent remains disciplined, avoiding the overpayment trap that plagues snew private equity players and REITs.