What types of senior housing does Haven transact in Michigan?+
Haven works across all Michigan senior housing asset types licensed as Adult Foster Care Home (AFC) / Assisted Living Facility by Michigan Department of Health and Human Services (MDHHS). We handle single assets, small portfolios, and multi-facility transactions across all major Michigan markets.
Does Haven list off-market Michigan properties?+
Yes. A significant portion of Haven's Michigan deal flow is off-market — sourced through our operator relationships and advisor network. Registered buyers get early access before public listing. Sign up for our free monthly listing alerts to hear about new opportunities as they become available.
What is the licensing process for senior housing in Michigan?+
Michigan has a dual-track licensing system: Adult Foster Care (AFC) homes serve up to 6 residents under MDHHS; larger Assisted Living Facilities have separate requirements. Haven guides buyers through Michigan's licensing framework. Michigan Department of Health and Human Services (MDHHS) change-of-ownership processing typically takes 45–105 days after a complete application.
What cap rates should I expect in Michigan?+
Michigan stabilized senior housing assets typically trade at 7–10% cap rates. Ann Arbor and West Michigan premium communities trend toward 6.5–8%; Detroit Metro, Lansing, and rural Michigan assets trade at 8.5–11%. Haven provides free preliminary valuations.
How long does a Michigan senior housing transaction take?+
Michigan Department of Health and Human Services (MDHHS) change-of-ownership processing typically takes 45–105 days after a complete application. Most senior housing sales close in 90–150 days from engagement. The full change-of-ownership process, from application to new license, typically takes 90–180 days, so it starts early in the sale.
Can Haven help with financing for a Michigan acquisition?+
Yes. Haven's Capital Solutions team provides lender introductions for Michigan senior housing acquisitions — including bridge financing, conventional commercial loans, and HUD-insured loans for qualified larger facilities. We prepare lender-ready financial packages that account for Michigan's specific regulatory and market context.
