21:Seniors and the Senior Living Space Industry with Doug Fullaway
- 21:Seniors and the Senior Living Space Industry with Doug Fullaway Sujata Shyam 31:42
Title: Seniors and the Senior Living Space Industry with Doug Fullaway
Mr. Fullaway is the President of FourteenPlus, LLC, a firm that specializes in Investing in the growing senior living market. This market is growing faster than any other demographic and has produced returns superior to returns over other types of Real Estate because the need for services for seniors does not decline when the Economy slows.
Fullaway brings a unique set of experience as he was previously the CEO of Vigilan, one of the largest suppliers of software selling to thousands of senior living communities. He knows the leaders in the industry and the superior regional operators which allows him to provide superior deal flow and reduce investor risk. He holds a BS in Industrial Engineering from Oregon State University and an MBA from the Harvard Business School. He served as an infantry officer in the U.S. Marine Corps. He loves fly fishing, skiing and flying.
Let’s tune in to his story!
[00:01 – 13:14] Opening Segment
- Intro (Seniors and the Senior Living Space Industry with Doug Fullaway)
- Getting to know Doug’s beginnings as an industrial engineer in the business world
- Humble beginnings and ups-and-downs
- Learning how to do business the hard way
- The Senior Living world
- Accidentally stumbling upon and learning what this world is
[13:15 – 20:53] Why a Senior Living Space?
- Promising financial returns and revenue
- Satisfactory health and wellness return
[20:54 – 29:34] The Value of Senior Living
- Surprising cost-effectivity
- Better living conditions
- Approaching the imminent and unspoken reality of getting old
[29:35 – 31:42] Closing Segment
- Final words
- Feel free to connect with Doug Fullaway through the links below
Tweetable Quotes
“I think that when you’re a limited partner, you want to invest, you want to make sure that you’re putting your Money into something that’s gonna pay you back on a regular basis.” – Doug F.
“There are always deals out there that are maybe a little unusual and great if you’ll take the time to really dig in and understand.” – Doug Fullaway
“So lesson for limited partners that I learned the hard way you better know who the other limited partners are and what their objectives are. And you better know what the decision process is for a sale. Because if your objective is to be in and have it, you know, give you a 22% return in four years, you can find those investments, but somebody has to be able to pull the trigger and say, yeah, we’ll sell … . In other words, we all had to vote on it. And we had to have an agreement.” – Doug Fullaway
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FOR MORE INFO ON SENIOR LIVING SPACE:
https://www.avenidapartners.com/
Check Doug’s website and grab his book for free: FourteenPlus.com
Send him an email: dougfullaway@fourteenplus.com
WANT TO LEARN MORE?
Connect with me through LinkedIn
Or send me an email sujata@luxe-cap.com
Visit my website www.luxe-cap.com or my Youtube channel
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