Senior living is not a niche we often talk about on the show, despite its massive growth forecast. Our guest today, Fabiola Fleuranvil, is here to shed light on the topic. Her current project, a combined assisted living, memory care, and independent living facility, is set to be the first of its kind in Detroit. In this episode, Fabiola shares more about her entrepreneurial journey and insight into investing in senior housing. Having started in single-family investing at an early age, she saw some great ups and downs, which came during the 2008 crash.
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Rather than deterring her from real estate, she used it as a learning opportunity and bounced back stronger than before. She also shares more about her innovative senior living project and how she is flexing her entrepreneurial muscle with it. While many people are still hesitant to invest in Detroit, she has chosen to find opportunity, however hidden it may appear. For her, being a problem-solver is what it means to be a true entrepreneur. We also learn more project specifics for investing in senior housing, such as budgeting, securing financing, and expected renovation time. It’s all incredibly impressive, especially considering she’s based in Miami. Fabiola was a great guest who provided insights into an interesting niche. Be sure to tune in today!
Key Points From This Episode:
- Fabiola’s background and how she toggles between her creative and analytical brain.
- Learn more about why Fabiola shifted from single-family to multifamily and investing in senior living.
- What motivated Fabiola to invest in Detroit and what the reception there has been like.
- Find out the details of Fabiola’s affordable assisted living project in Detroit.
- The silver tsunami: Why demand for senior housing will explode over the next decade.
- The importance of being future-minded and thinking about technology seniors will need.
- Some of the service components Fabiola is considering in her smart senior facility.
- Learn more about Low-Income Housing Tax Credits and the benefits for investors.
- Why Fabiola’s project is unlikely to be affected by the current downturn.
- Lessons Fabiola has learned from her project, the biggest contributor to her success, and giving back.
[bctt tweet=”I don’t shy away from problems. I like to figure out how to solve stuff. So, what scares other people actually excites me a little. — @Miami_Fabulous” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Fabiola Fleuranvil
As a serial entrepreneur, Fabiola Fleuranvil lives in between two worlds – one as CEO of Blueprint Creative Group, a marketing agency established in 2006 and serving government and corporate clients, and the other as a real estate developer. Fabiola started her real estate investing career in 2003 when she purchased her first few investment properties in Atlanta. Additionally, she created a Black investment fund in 2016 with a group of millennials and as a social impact model to collectively address gentrification and housing affordability in Miami. The fund created pilot projects by acquiring, rehabbing, and selling workforce housing properties in gentrifying communities back to members within the community. Currently, Fabiola has recently acquired a 138-unit former senior housing building in Detroit and will be redeveloping the distressed property as a mixed income affordable assisted living facility with some independent living and memory care units. The project, estimated at about $13 million, is the first of its kind in the Detroit Metro and will fill the market demand for affordable senior housing. Fabiola is a native of Miami and graduated from Florida A&M University with a Bachelor in Business Administration and an MBA from Clark Atlanta University.
Senior living can be a lucrative and meaningful niche. Learn how to get started investing in senior housing with expert insight from Fabiola Fleuranvil.
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