Bask in Harbor Park in Fort Lauderdale, Florida is a 310-unit luxury apartment community built in 2018. It is situated along Fort Lauderdale’s fast growing 17th Street corridor and it is the latest acquisition made by Cardone Capital.  This acquisition brings Cardone Capital’s portfolio to 8,983 units across 28 properties in Florida, Texas, Alabama, Georgia, and Maryland, with total assets under management now at $2.1 Billion. The property will be renamed 10X Living at Fort Lauderdale to fit with CEO Grant Cardone’s 10X brand.  Cardone Capital seeks to provide accredited investors wi ..read more

Hotels have struggled throughout the COVID-19 pandemic. With business travel still being significantly reduced, supply is outstripping demand. This has created a lingering weakness in the Hotel & Hospitality industry. Are Hotel REITs overpriced for the profit they can offer? The Hotel Industry Had Great Metrics and Market Conditions in Early 2020 One metric that captures the strength of the Hotel industry at any given moment is RevPAR (revenue per available room). This figure was at all-time highs when 2020 began. Under these conditions, hotel stocks and hotel REITs were priced bullishly ..read more

If you are an investor that is seeking a steady and reliable income builder to add to your portfolio, consider looking into REITs as a viable option.  What is a REIT? REITs, or Real Estate Investment Trusts, are the equity equivalent of owning a diversified portfolio of real estate holdings, and act as an excellent hedge against market volatility and downside risk. We mentioned that REITs provide a high dividend return to unitholders and that has to do with the regulatory conditions REITs operate under.  By law, REITs have to pay out at least 90% of their net income in the form of di ..read more

Assisted living centers are first and foremost businesses. They provide an essential service for many elderly, but if they aren’t able to make money, they won’t be able to continue to operate. That said, there are different ways residents may pay for their occupancy in a facility, and it’s important for facility owners to be familiar with them. Paying Out of Pocket For many of your residents, the best payment option is to pay out of pocket. Some may be pooling family resources to fund Mom or Dad’s stay in your facility. Others may have funds from annuities, a reverse mortgage, or renting out t ..read more

Running an industrial kitchen is hard. Running an industrial size assisted living facility’s kitchen can be harder. Identifying specific things you can do to improve kitchen functions will make a big difference in your kitchen’s overall operation. Keeping Your Drains Clear Because your sink plays such a fundamental role in all cooking, keeping your drains clear is important to have smooth kitchen operations. Be aware of the different things such as fats, oils, and grease, that shouldn’t go down the drain. You should also make sure to regularly run the disposal at least every day so that gunk a ..read more

As with any property, assisted living facilities are liable for having accidents and hazards. If you’re the property owner of an assisted living facility, you will need to make sure that everyone is safe. You’ll want to make sure that you’re safe from any legal issues as well. There are a few liabilities that could cause problems for you. Slipping Hazards Many people who live in assisted living facilities are more prone to falls or balance problems. Because of their likelihood to fall, they’re more prone to slipping as well. Getting rid of, or fixing, any slipping hazards can help to reduce th ..read more

If you own an assisted living property, keeping up its exterior is one of the most important things you should do. A clean and safe environment for your residents is the best way to not only feel better about your property but save money and extra work in the future. Safety As with any assisted living property, safety should be one of your main concerns. It’s crucial that you check your property to make sure it is safe as time goes on. By taking care of the outside of your property, you’ll be able to have a safer space for both residents and visitors. Keeping the fence in good shape as well as ..read more

It is quite possible that your assisted living facility could be wasting energy without anyone even noticing. There are many things you can do and changes you can make in order to ensure your facility is running in an energy-efficient way. Investing in more efficient appliances, transitioning to solar power, and unplugging unused appliances can make a big difference. Efficient Appliances Buying more efficient appliances, including cooking appliances, HVAC systems, refrigerators, and more, can help your assisted living facility save energy and keep from wasting money. You can get clothes washer ..read more

How Payroll Tax Cuts Could Affect Senior Housing Investors The effects of the payroll tax holiday could make their way to the senior housing and assisted living real estate market.   One of the major headlines right now is Trump’s payroll tax cut. The executive order trump signed is aimed at cutting or deferring payroll taxes. If you’ve ever received a W-2, you know that a portion of your paycheck goes to pay Social Security and Medicare.  The little bit of extra money on a paycheck, or less self-employed taxes paid, might add a little to the bank account, but the payroll tax break ..read more

One of the most important attributes of an assisted living facility is its safety. Families have entrusted you with their loved ones because they are unable to ensure their safety and wellbeing at home. Senior citizens are vulnerable to several dangers that younger generations don’t generally need to worry about. To make sure that your senior residents are safe in the dining area, keep the following in mind. Keep it Clean and Sanitary A clean and sanitary dining area should be a given for any food area. It is especially important for the elderly because they are more prone to illnesses. You ne ..read more