@Karl Denton leveraged to the hilt with no cash or flexible credit facilities are the people that are going to get boxed in and hurt methinks. 

We have good success with STR and MTR, lots of Universities here, 2 Air Force Bases, Air War College, Space Force, 3 hospitals, Amazon distribution center, Meta data facility, Hyundai manufacturing, 2nd lowest taxes in the nation.

I am purchasing a place that used to be an assisted living facility.

You should look up Devana Came, she owns her own facilities and manages themselves.

Been around for quite some time and have made runs trying to acquire a SS facility and also considered developing in the past but now feel like its time.

That's how I find my storage facility, which is my best investment ever.Congratulations!

The price per sqft is very high for an office built out for medical use.. however, there is an in place tenant paying strong rent with 3% increases for 10 years (close to 7% cap, NNN)What I don't understand is why the tenant agreed to pay close to 2X market comps in rent in price per sqft per year for this facility.

Unfortunately, this relationship did not turn out the way we had hoped, and after falling short of their budgets and projections, we terminated them and proceeded to build out our own property management company to manage the facilities in the fund.

Sober living facilities aren't passive.

Would almost have to think it is someone that used to be in the industry to even understand how warehouse funding facilities work etc.