Will senior living be a smart addition to your investment portfolio? In recent years, senior living has proven its market resilience throughout all economies providing a stable ROI for investors. With baby boomers aging, people living longer, and a general acceptance of the idea of assisted or independent senior living and retirement communities, senior living is poised to continue growing for years to come.
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In this #Highlights episode, we look back at our conversations with Brandon Schwab and Adam Benton. Having experienced first-hand the deficient care of his grandfather at a large, industrial-type senior living facility, Brandon vowed to improve the industry by starting his own senior living company that provides better quality care to the elderly. On the other hand, Adam talks about demographic trends in senior living and the similarities between the senior living model and multifamily. Listen now to learn all the reasons why it is good to invest in senior living!
Key Points From This Episode:
- A unique senior living concept and model to start your own business.
- Differences between typical large senior living facilities and the small senior living concept.
- Why smaller senior living facilities are able to offer more care to residents than huge, industrial-type building facilities.
- Demographic trends in senior living and in real estate in general.
- How senior living is similar to multifamily.
- Reasons why senior living is a good investment.
- Staffing structure and requirements of a senior living facility.
- Staff reputation and ability to provide excellent care matter most in senior living.
“If you don’t own any assets, you don’t own anything!” –Brandon Schwab
“This concept (senior living) is able to operate in all areas and it probably operates easier in towns where there aren’t tons of people.” –Brandon Schwab
“Because of that need-driven nature of the business, what we find is that in various economic conditions, there’s always demand.” –Adam Benton
“[Senior living] feels more like a cruise ship on land.” –Adam Benton
Links Mentioned in Today’s Episode:
Call Brandon Schwab at (847) 860-6432 or (847) 380-8624
About Brandon Schwab
The visionary behind Shepherd Premier, Brandon is on a mission to raise the bar for senior living. He founded Shepherd Premier Senior Living in 2014 with a vision to improve the senior living industry by providing a better way of delivering quality care that is resident-focused, not bottom-line-focused. Brandon saw the need for quality care. As a passionate businessman and a caring grandson, he wholeheartedly pursued the solution through the boutique senior living niche industry.
Today, Shepherd Premier has five operational homes in Northern Illinois and plans to take their senior care model coast-to-coast. As CEO, Brandon brings 20+ years of operating experience to manage real estate acquisition, development, and financing through the Boutique Senior Living Fund.
About Adam Benton
Adam loves working with seniors to help provide a “Stellar Life”. He was recognized nationally by Argentum (the leading industry association) with a “40 Under 40” award for leadership. He served for three years on the Utah Alzheimer’s Association board to advocate for seniors with dementia, raise awareness of the disease, and fund research.
He lives in Salt Lake City, UT, with his wife and five kids, four boys and a girl, all redheads, a set of identical twins, and a favorite son with Down Syndrome. He completed a bachelor’s in finance at Brigham Young University and an MBA with an emphasis in Real Estate from Columbia University. He spent five years in finance on Wall Street and co-founded Stellar Senior Living in 2011 with his family.
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