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#286 - Joe Pohlen - Co-Founder of Cardinal Senior Living - Building a Better Future For Seniors in Assisted Living

The Fort

CHAPTER

How to Structure a Long Term Hold on Assisted Living

I love about assisted living coming from my real estate background is it's a operating business that's valued on N.O.I. So using this kind of that formula, 10 quality staff members that you find to come work in your building and stabilize the labor spend might result in $200,000 a year in expense savings. What does that do to the value? I mean, finding 14 elderly residents paying 5,500 a month and you move them into your building where almost all your costs are fixed. You have so many more levers to pull to increase the EBITAR than any other asset class. The best deals require a cash burn to get in there, do what needs to be

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