74. Underwriting and Dynamics of Senior Living Investments with Stuart Keller

ABOUT STUART KELLER

Stuart serves as SVP of Investor relations for broadly marketed investments open to accredited investors throughout the US. Stuart brings his 15 years of experience in operational leadership, asset management, and financial analysis to the firm’s Syndication division. This division provides the opportunity for accredited investors to participate in the ownership of the institutional quality real estate. Prior to Lloyd Jones, Stuart held positions as a regional vice president for nationally ranked owner-operators of multifamily properties. Stuart earned his Master’s Degree in International Economics from the University of Oklahoma, and a Bachelor’s degree in Managerial Economics from Oklahoma City University.   THIS TOPIC IN A NUTSHELL: Stuart's background and how he started in real estateJoining Lloyd jones companyStarting a Syndication platformStrategies for finding the trends to grow the businessPlan for senior living and how to jumpstart the trendHotel conversions and ground-up development projectsEvaluating the size of deals Nuances of Senior living First senior living projectTransition team to stabilize the projectInsight into multifamily plansDeal in Crowd Street Underwriting a senior living dealMultifamily vs. Senior living Vertically integration and Property managementStatistics and net migration rateAdvice to his 25-year-old selfFirst entrepreneurial endeavorFormal and Informal training that shaped his journeyHis biggest mistake and what he learned from itHow to connect with Stuart   KEY QUOTE: “Senior living is all about the operating margin. If you got one more resident for an assisted living or a memory care unit, that one extra unit might necessitate additional staff members based on the staffing ratio that is required by state law. Your revenue might go up, but with the increased staffing ratio, your operating margin might go down. It's definitely one unique component that not everybody might understand how to underwrite a senior living deal.”

 

SUMMARY OF BUSINESS:

LLOYD JONES has become a global real estate investment firm with subsidiaries in development, construction, and senior living operations. Its focus is senior housing, multifamily, and most recently the hospitality industry.Its investment partners include institutions, family offices, and its own principals. And now, through its new crowdfunding platform, private investors can participate in the firm’s institutional-quality acquisitions.   ABOUT THE WESTSIDE INVESTORS NETWORK   The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.     The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm