Senior Living Solutions: Hotels, Office Buildings & Malls
Repurposing assets into senior living communities provides cost-effective solutions to address the senior housing shortage. “You’re likely doing this because you need to provide senior housing at a lower cost, or you need to convert an under-performing asset into a better performing asset, but you always have your cost basis plus the cost to renovate,” Hudgins said. “You want to make sure that whatever your plan is will keep your cost basis below replacement costs, of course, so that you can be competitive.”