Can I partner with an operator to own an assisted living facility?
Direct answer
Yes. Many investors partner with an experienced operator: the investor brings capital and the operator brings the track record, licensing knowledge and day-to-day management that lenders and state regulators want to see. You can partner in a joint venture that owns both the business and the building, or own the real estate and lease it to the operator.
What to know
In a joint venture, agree up front on management fees, how profits are split, who makes which decisions and how either side can exit.
In a lease structure, you own the building and the operator pays rent, often on a triple-net basis covering taxes, insurance and maintenance. Your return then depends on the lease and the operator's strength.
Lenders and licensing agencies will review the operator's experience, so choose a partner with a clean regulatory record.
A third option is hiring a management company, with fees that typically run 5% to 8% of revenue.
How Haven helps
Haven introduces investors to experienced operators and management companies and helps structure the partnership. Visit our buyers page.