Senior Housing Due Diligence Checklist for Institutional Investors
Comprehensive due diligence framework for institutional senior housing investments. Master financial analysis, operational audits, regulatory compliance review, and market validation to avoid costly mistakes.
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Comprehensive due diligence framework for high net worth investors acquiring senior housing properties. Cover financial analysis, operational review, regulatory compliance, physical inspections, and operator evaluation to mitigate risk and validate investment assumptions.
Browse senior housing properties on SeniorCRE with comprehensive due diligence materials, financial data, and operator profiles.
Key points
- Trailing 36-month P&L statements: Analyze revenue trends, expense ratios, and NOI growth
- Monthly occupancy reports: Track seasonal patterns, move-in/move-out trends, average length of stay
- Rate analysis: Review historical rate increases, pricing by unit type and care level
- Revenue per occupied room (RevPOR): Compare to market comps; identify pricing power
- Ancillary revenue streams: Second-person fees, level-of-care charges, therapy services
- Bad debt analysis: Historical collection rates, aging receivables, write-offs
- Labor costs (50-60% of revenues): Staffing ratios, turnover rates, wage rates vs market
- Food & dining (8-12%): Cost per resident per day; meal quality vs budget
- Utilities (4-6%): Electricity, gas, water, sewer trends
- Insurance (3-5%): General liability, professional liability, property coverage
Author
John Hauber — Founder & CEO, SeniorCRE. Founder and CEO of SeniorCRE, LLC. Two decades operating and advising senior housing & care platforms, including HavenCo Senior Investments and Haven Senior Realty.
Reviewed by
SeniorCRE, LLC — internal editorial review — Vendor-published and internally reviewed; not independently reviewed or certified by any third party or standards body (reviewed 2026-01-15T00:00:00Z). Reviewed internally by SeniorCRE, LLC staff before publication. SeniorCRE, LLC is a vendor in the categories described and is not an independent standards body, certification authority, or law firm.
Sources & methodology
SeniorCRE editorial content is drafted by named operators or product leaders, reviewed internally by SeniorCRE, LLC staff (operators, clinicians, and capital-markets contributors) — a vendor-side review, not independent certification — and grounded in publicly available primary sources and the SeniorCRE QoS methodology. Comparative claims about named third-party products use hedged, dated phrasing.
- SeniorCRE Methodology: how we source, review, and cite — SeniorCRE, LLC
- SeniorCRE Trust Center — data, privacy, and clinical governance — SeniorCRE, LLC
- SeniorCRE, LLC — company overview — SeniorCRE, LLC
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