How is my Michigan AFC or ALF valued?+
Michigan senior housing assets typically trade at 7–10% cap rates. These ranges are Haven estimates for stabilized assets; your community's rate depends on occupancy, payor mix, building age and survey history. Ann Arbor and West Michigan premium communities trend toward 6.5–8%; Detroit Metro, Lansing, and rural Michigan trade at 8.5–11%. Haven provides free BOVs.
What is the difference between selling an AFC home vs. a Michigan ALF?+
Michigan AFCs (up to 6 residents) and ALFs have distinct MDHHS licensing requirements, different buyer pools, and different valuation methodologies. Haven ensures sellers understand which track they're on and how it affects their sale.
How long does a Michigan senior housing sale 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. Haven’s general CHOW planning range is 90–180 days; the state-specific estimate on this page controls, and regulator approval is not guaranteed. California RCFE CHOW can take 3–12 months.
Who buys Michigan senior housing communities?+
Michigan attracts automotive-industry-retiree-focused operators, West Michigan healthcare networks, and national buyers. Haven's network spans all profiles.
Do I need to disclose my intent to sell to my staff?+
Your community is introduced to qualified buyers with an anonymous summary first. The name, financials and licensing details are shared only after a buyer signs an NDA. Staff, residents and families are told only when you decide to tell them, usually around closing.
How does Haven ensure I get the best price for my Michigan community?+
Haven combines accurate market pricing (based on current Michigan cap rates and comparable sales), strategic positioning (presenting your community's strengths to the right buyer profile), and competitive marketing (creating buyer competition where possible) to maximize your final sale price. We also advise on pre-sale operational improvements that can meaningfully increase proceeds before going to market.
How much is my assisted living facility worth in Michigan?+
Most assisted living facilities are valued on stabilized net operating income divided by a market cap rate. Stabilized Michigan senior housing typically trades at 7–10% cap rates. For example, $500,000 of NOI is worth about $7.14 million at a 7.0% cap rate. Haven's Broker Opinion of Value is free and takes 5–7 business days.
Do I need a specialized broker to sell my Michigan assisted living facility?+
No law requires one, but buyers value senior housing on occupancy, NOI, staffing and survey history, not just the real estate. A senior-housing-only broker knows the active buyers and manages the MDHHS change of ownership, which keeps the sale on schedule.
What taxes will I owe when I sell?+
Gain on the real estate may be deferred with a 1031 exchange if you reinvest in other real estate. Gain on the business, furniture and equipment is taxable, and equipment depreciation recapture is taxed as ordinary income. This is general information, not tax or legal advice. Talk to your CPA and attorney.
Can I sell the building and keep operating my community?+
Yes. In a sale-leaseback, you sell the real estate to an investor and lease it back, usually on a triple-net lease, while your operating company keeps the license, staff and residents.
