Sep '25 • Deal Acquisitions Specifics
Rehab Center (MASTER THREAD)
Let's use this thread as the primary one Rehab Center conversation while looking for a property to acquire. Once we identify one we'll branch off to a specific thread for that specific deal but during the search let's keep everything here so it's easier to refer back to.
I've told some of my brokers in the area this is our buy-box for the platform and to send me what they have or are working on: looking for hotels in Northern California [INSERT YOUR AREA] that are in B/A areas, 30-100 keys, preferably 2000 or newer, in close to but not actually in residential locations because we'll need to be able to rezone the hotel.
We should also consider competition in the areas we're looking as well.
Here is the last place I underwrote with a lot of notes on the Acquisition-NF page (this is assuming 6 months of no cash flow in year one but should probably 0 cash flow in year one and then a lease up ramp in year two): https://docs.google.com/spreadsheets/d/1EfyFf48s1XIjQAbt3h-CYwdlE5b82nuSe1hd6oqhCWk/edit?usp=sharing
Some CA examples:
- https://www.serenityknolls.com/
- https://pvrecovery.com/ (Santa Rosa - only 6 beds?)
- Luxury drug and alcohol treatment [i don't think this is the right model for us]: https://help.legacyhealingla.com/
- https://pathwaysrecovery.com/treatment-programs/detoxification/ (Roseville - this looks like a large house)
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Rehab Center (MASTER THREAD)
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