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Senior Housing at $40K a Room with Rod Khleif
Rod Khleif is buying assisted living buildings at $40,000 a room. Replacement cost is $250,000.
Rod Khleif lost $50 million in 2008 when a cross-collateralized package of 800 houses pulled his multifamily portfolio down with it. He rebuilt. His students now collectively own more than 305,000 units.
In this conversation Rod walks through what he is buying right now, and the math is hard to believe until he shows it. He has two assisted living memory care facilities closed and five more under contract across San Antonio, Houston, and Dallas, at $40,000 per unit. Replacement cost on those same…
The skinny
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