Owner-operator assisted living & memory care in Texas. CEO, Enriched Senior Living 3rd-party mgmt. Fund sponsor. Skier dirt biker. Austin & Nelson BC. DM's open
Austin, TX
Joined September 2008
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I did.
$500K for an empty historic-registry O’Neil Ford building in Denton. Boarded up since 2007 Asbestos + so much more.
Sold in 2025 for just under $11M.🏛
Part nobody sees ~$9M restoration, historic tax credits, city tax abatement & opening an assisted living into COVID
National senior housing occupancy just cleared 90% in most primary markets. New supply is near record lows. After 15 years running 9 Texas communities (~480 units, ~90% occupied), the gap that actually matters is who can operate them. 🧵
We’ve taken several communities through bridge-to-HUD refis. In a market where capital is active but selective, HUD still rewards operators who report cleanly every month.
AI just cost us ~40% on our liability insurance and a non-renewal.
Not our AI. The carrier’s.
15 years running assisted living in Texas, and our risk got priced by a screen that can’t tell AL from a nursing home. 🧵
Meanwhile occurrence coverage is disappearing. The push is to claims-made: cheaper up front, but you buy a tail every time you sell a building.
It's not all doom & gloom in Sr Housing, there is dedication & care providing dignity, community & joy to those that are most at risk & need it most. Buttercup, the therapy mini horse practices safe social distancing visiting with residents bit.ly/NHAngeloHorse @SonrisasRiding
Outrageous - especially for those that need #PPE's the most "...#WhiteHouse is functionally waging a war against state leadership and the initiative of local hospitals to secure what they need to provide sufficient treatment." bit.ly/moralbottom #covid19 #IncompetenceKills
@felixsalmon @Three_Guineas @EmilyRPeck Avid listen to #slatemoney for unscientific poll- check for stimulus recipient & PPP loan. I’m a small business owner who operates Sr housing (assisted living) properties in Texas. @BOKFinancial was super helpful but did full underwriting
#slatemoney @Three_Guineas It’s my impression large companies are coming out of #Covid_19 pandemic clear winners. In most communities small businesses (majority job creators) are shuttered but big box stores & fortune1000 are open? Plus they have easy Fed cash #nofair #inequality
Strong summary of #Covid19 epidemic -how the #coronavirus started, why epidemiologists believe it's so virulent & depressingly, why we are yrs away from an effective #vaccine. Let's hope that our ingenuity can accelerate the projections lnkd.in/gM_QMh3 @scrippsresearch