Originally Posted by
SparkyTheClown
Don't focus exclusively on new village sales. The real money is in the villages which were built around 4-6 years ago, and are now experiencing churn of their residents as they shuffle off their mortal coil, or move from independent care to managed care within the same village.
Unit sold for $310,000 in 2007 is sold back to Ryman for $250. Ryman spend as little as $5k on the unit to refurbish (because its only 4-6 years old and just needs a coat of paint, carpet and curtain steam-clean), and is then sold for $360,000.
Figures are hypothetical, but you get the idea. This is the real reason why RYM and SUM are winners, and if MET gets its act together, will also be a winner.