Podcast
Commercial Real Estate Pro Network
Hosted by Commercial Real Estate Pro Network · EN
Commercial Real Estate Professionals who work with Investors, Buyers and Sellers of Commercial Real Estate. We discuss today's opportunities, problems & solutions in Commercial Real Estate.
24episodes
Episodes
Newest firstAll episodes
Senior Housing Silver Tsunami Aging Economy with Jerry Vinci - CRE PN #554
May 2800:45:44Tap to summarizeToday, my guest is Jerry Vinci. Jerry explains why most communities are unprepared for the silver tsunami, this demographic wave, and what leaders must do now to get ahead of it. And in just a minute, we're going to speak with Jerry Vinci about how to win the silver tsunami demand surge. https://www.linkedin.com/in/jerryvinci/?isSelfProfile=false
Transcribe →BIGGEST RISK with Jerry Vinci
May 2600:02:18Tap to summarizeJ Darrin Gross I'd like to ask you, Jerry Vinci, what is the BIGGEST RISK? Jerry Vinci I would definitely lean on the Senior Living industry for sure. To answer that question. I think the biggest risk for sure, and this goes back to our capital facing services would just be the operator selection. You know, a lot of people might think it's like cap rate compression or labor shortages or even like regulatory changes, but, you know, those are obviously all real. But that that the risk is that you partner with an operator that can't actually do what they said they're going to do in a specific market where that assets located. You know, again, you've got to look at like, what are the competitors doing in that space and and it's, it's the dominant risk, in my opinion, just because the consequences compound for years before they actually fully show up. I What else can I say about that? Yeah, like operator I guess, kind of what I was just describing about the different asset value depending on occupancy. You know, operator failure doesn't always look like operator failure. You know, when it comes to senior living, occupancy can drift because, you know, you're dealing with older residents who, for any given reason, can can leave or move out. But, uh, you know, a building can document see, can drift from, say, like 92% to 82% over 18 months. But nobody can explain why. And that's that goes back to something like, maybe the aggregator dependency on those third party leads that are coming in, or maybe their reputation has decreased slightly over that time period, but nobody's really paid attention. But you know, going from a 4.8 star rating to a 4.3 or something like that holds more weight than people might realize, and even even like something might not show up on a quarterly report, it might show up in a larger report, but they're not. They're not seeing it because it's, it's a slow drip, you know. So I think, just from from a risk assessment perspective, it's always going to come back to that operator and how that operator is able to maintain or increase performance of that asset. https://www.linkedin.com/in/jerryvinci/?isSelfProfile=false
Transcribe →Multifamily Insurance Broker Lender Negotiations with Guffy Wright - CRE PN #553
May 2100:40:40Tap to summarizeToday, my guest is Guffy Wright. Guffy Wright is a multifamily insurance expert 20 years or with 20 years experience helping operators protect and grow equity. He built the Mahoney Group's Real Estate Practice, oh, and to over 100 million in premiums, and has created tools that turn insurance into strategic advantage. And in just a minute, we're going to speak with Guffy about why your insurance broker might be your biggest competitor https://www.linkedin.com/in/guffy-wright-752679b
Transcribe →BIGGEST RISK with Guffy Wright
May 1900:00:35Tap to summarizeJ Darrin Gross I'd like to ask you, Guffy, Wright, what is the BIGGEST RISK? Guffy Wright The biggest risk is apathy, status quo, if you don't have clarity, safety and direction on a large and spend on your asset. I think that's the biggest risk. Is apathy, not treating insurance like you would your own debt and your own clients. That's the biggest risk. https://www.linkedin.com/in/guffy-wright-752679b
Transcribe →