An estimate by the Federal Reserve Bank of St. Louis says that around 10,000 people per day will be retiring between now and 2025. Many of those retirees will want to settle in warmer climates so that they can stay active and enjoy time outdoors, walking, golfing, and enjoying cookouts with new friends. They will look for homes in places known for great weather like Florida, Georgia, or Arizona. If you’re thinking about finding a great investment vehicle, then a business within the senior industry may provide great opportunities for you. Assisted living facilities expect to be in higher demand in the future for seniors who need safe places to live where they can receive help with daily living and medical care. Here at ALF For Sale, we will discuss why you should look at these numbers before you buy one of these facilities. You can trust our advice because we are the best in Florida!
What are Assisted Living Facilities?
If you’re not sure what an assisted living facility is, it is a residential complex where people can receive the help they need daily living activities and healthcare when necessary. The facility may have apartments, private, and shared rooms to rent to residents who need places where they can get the type of care they need to live a fulfilling life.
As more people get to retirement age, there will be more demand for assisted living for many seniors. As it stands now, salespeople specializing in finding residential placements at senior facilities have an average of 228 calls per month that they field from interested individuals and families.
Discovering Investment Opportunities in Senior Housing
If you want to learn more about opportunities within this industry, one of our licensed real estate agents at ALF For Sale can answer any questions you have about investing in this type of business. They can explain your business role, whether you want to be a hands-on or a passive investor within the business. They can help you find an assisted living business for sale that fits your investment budget in the locale where you have an interest.
Is Investing in an Assisted Living Facility Safe?
Every investor wants the answer to two questions: is this investment wise, and what type of return can they expect from it? According to investment experts, if you’re careful, you can see a significant return on your investment with the right assisted living business for sale. Currently, occupancy rates for senior living facilities are around 89 percent. The National Council of Real Estate Investment Fiduciaries claims that the ROI for senior housing is around 10.52 percent, which is better than multifamily properties, which has an ROI of only six percent.
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While you’ll need to invest millions of dollars to make money with assisted living facilities, the return rate can make it a worthwhile investment for you. There are few opportunities that can almost guarantee a decent return, much less one that approaches almost 11 percent. To find out about investing in an assisted living business for sale in Florida, call ALF For Sale in Tampa.