both my grandparents also had dementia and so like there’s a lot of personal experience of how we’ve seen these kind

of final chapters of people’s lives play out and there’s a lot we saw that we didn’t like. So we actually really feel

the the calling as well to be able to pour back into other people’s other grandmas and grandpas and provide a

better experience that we wish we could have provided for our own family. What’s up guys? Welcome back to the hybrid real

estate professional podcast. This is Aaron Amin your host and today I have a super special episode. I am going to air

an appearance I had where my good friend Dr. Alex Schllo interviewed me on his podcast, the Physicians and Properties

podcast. If you haven’t checked it out, he speaks primarily to medical professionals who are looking to

diversify into real estate or small business. And we unpacked our entire Everwood Reserve deal, uh the 32 bed

memory mansion project that we were building in Tombball, Texas, and uh a little bit of my story as well. So

without further ado, please enjoy the interview. Hey, thank you for having me. I feel

like this has been a long time coming. I want to get you on my show at some point, too. But appreciate you having me. It’s getting hot here in Texas, but

but all is well. Awesome, man. Well, excited to have you on the podcast. It’s been really cool. Obviously, we’ve known each other for

quite some time. Also in Action Academy, which we’ve talked about on this podcast, the power of community quite

often in relationships, and I’m sure that’ll come up throughout this podcast. But it’s been great following your journey and seeing everything you’ve

been doing in the real estate space and your podcast and coaching and now assisted living. So I’m excited to kind

of unpack your journey here on the podcast for folks. So before we get started, do you mind just sharing a

little bit about yourself? Sure. Yeah. So I’m Aaron Amin. I live in Houston, Texas with my wife and my three

young children. We have a three-year-old and one-year-old twins. So a lot of love and chaos in the house all at the same

time. By day, I work full-time as a management consultant. And by night, Andrea and I have built a portfolio of

eight rental properties across three states. And recently, since meeting you, actually, we’ll we’ll we’ll share about

the catalyst and the role that you’ve played in our journey here in a minute, but we have pivoted pretty hard into

residential assisted living. Two of the rental properties that we own in Las Vegas were actually leased to

residential assisted living operators. We bought those back in 2019. So, that was the first time we ever heard of

residential assisted living. But it wasn’t until we heard you on the Action Academy podcast, I believe it was last

July or August, that the the light bulb went off in our head that no, there’s a whole group and a whole section of

investors that are getting into this space full-time. And that changed course for us as we joined our group and and

now we’re to fast forward, we are currently developing and plan to build two memory care homes, groundup

construction in a suburb of Houston called Tombball. And those will be 10,000 ft², 16bedroom, 16 bath. So 32

beds total. So that is the shortest version of that story, but that’s a bit of who we are.

That’s awesome, Aaron. Yeah, it’s a it’s a great story. Honored to have played even just a tiny tiny piece to your

journey in assisted living and and so forth. That really means a lot and I’m glad that you’re tuned into that podcast. For folks who haven’t heard

that Action Academy podcast, we’ll put that in the show notes as well. But really cool, you know, and I think what’s what’s so unique about your

experience, Aaron, is you have a broad spectrum of real estate experience, you know, also on the coaching side of

things as well. What drew you to assisted living? Yeah. So, a few things. One, you know,

single family residential real estate I still believe is the best, most accessible entry point into real estate

investing. There’s kind of two arguments you’ll hear people make. One is commercial is so much better because you

can drive the revenue which creates forced appreciation and all this extra value. That’s great on paper, but not

everyone has the time and energy and resources to figure out how to run a full-time, you know, commercial

property. Single family real estate is largely driven by the the market around you. You buy a house on a street in a

neighborhood, your house is probably going to appreciate mostly in line with whatever the values are in that neighborhood. you should hopefully

operate it well and and profitably, but even if you don’t, in theory, the value will still rise. So, I still believe in,

you know, part of who I work with and how I help people get into real estate is that single family standard kind of

rental property. It’s a good it’s a good entry point and it’s it’s a big part of the foundation of how we built towards

what we’re doing now. We first started investing kind of in our own backyard. Our first rental property was one mile

away from our primary residence and now our closest rental is a thousand miles away. So we kind of just followed the

path as it unfolded in front of us. We let our skills un you know build organically. We were largely a product

of our circumstances is what took us down this path because when we first were investing locally that was right

before co when co hit it forced me to change career paths. We ended up moving cities and we kind of became

long-distance investors by by accident. But once we realized that was possible it it gave us some of the mental tools

to push past some of the the fear of the unknown. you know, investing being out of state, out of, you know, your

properties being so far away to where you can’t get to them. That was a big mental hurdle to overcome. But once we

did that and we we put some systems in place, we built our teams, we saw what was possible, and then we just kept

following that path over and over again. To answer your actual question, how do we get into residential assisted living? The two property number two and and

three that we bought in Las Vegas, they were already leased to assisted living operators when we bought them. So over

the course of six years as we built this portfolio, we kind of looked backwards and we said, you know, what are the two

what are the properties that are performing best and adding the most value and also which are the ones that we enjoy most. And we looked back and

those two residential assisted living properties, it’s a strategy I know you and your partners use a lot, which is

lease to operator. They were the lowest headache. You know, they were paying significantly above market rent, no

vacancy ever. They covered everything except major capex. They even got, you know, infusions of state money that

helped remodel certain parts of the home at no cost to us. And more importantly than any of that, it’s providing a

muchneeded service. You know, these homes were serving adults with developmental disabilities. And it was

having people in my family that had to find accommodations. Like it’s it’s not easy to do that. And so providing a

residential environment where people can get those those services and and live hopefully the closest thing to a normal

and high quality lifestyle as possible, you know, that felt good, too. So I think it was kind of the recognition

that not only financially does it make the most sense, but it has that impact and opportunity for enabling people to

live their best lives. That intersection really resonated with us. And once we heard your podcast episode that we

mentioned, that really it hit the exact moment that we were having that reflection. And that’s what kind of led us led us down this path.

Yeah, it’s amazing, you know, God’s timing and things and how that all works out. And I think, you know, one thing

that you mentioned that I love that I really hope folks take away is that assisted living, you know, whether that’s for developmental disabilities,

whether that’s senior living, man, it’s so rewarding, right? Like it’s it’s it’s this beautiful blend of of real estate

in business, but also also fulfillment that you don’t get if you’re like renting out an Airbnb, you know, or

short-term rental. And so, you know, it is certainly hard work, especially if you’re owning and operating. Of course,

the lease to operator method, which you mentioned and explained beautifully, is a more passive way to do it, and that’s

how we got started. But the owning and operation side of things, it’s it’s more timeconuming and is certainly quite

difficult, but man, how rewarding is it to be kind of in control of providing really exceptional care to seniors who

need it most, who aren’t getting it otherwise. And we’re going to talk a lot more about assisted living, but I did want to jump back to one other point you

made in terms of long-distance investing. A lot of folks that are listening to this are physicians and maybe they don’t live in a area that

would be a good place to invest locally and they’re scared to invest long distance. So you did mention that that

was a big mental hurdle for you to to jump through. What was what did that hurdle look like? What were some things that concerned you investing long

distance, Aaron? And then what were some ways you overcame that? So this is kind of has become my sweet

spot, like I said, more by accident than anything else. But really, when I sit back and think about what would I do if

I owned the property next door and it was a rental property and there was, you know, repairs or some type of rehab that

needed to be done, I’m probably not the one that’s going to do it anyway. You can ask my wife like I I barely want to like hang pictures on the wall cuz I’m

afraid of screwing it up. So, it’s also a little bit of internal reflection and just knowing like where can I add the most value as a real estate investor.

And for me, it’s not putting my hands on the home. So, some of it was that, but second is there’s just this fear of the

unknown that we all sit with. Doesn’t matter what the context is. People don’t like ambiguity. People don’t like

uncertainty. And when you’re not near an asset, especially something where you have a lot of money tied up, you

instinctively like start gaming out the worst case scenarios of what could happen without really pausing to, you

know, consider what is most likely to happen. One of my favorite quotes is risk is what’s left over when you think

you’ve thought of everything. And I think a lot of people get stuck in their own head trying to derisk everything down to nothing. And that’s just not

possible. So I had to change my relationship with risk and I had to really get past this idea in my head

that I had to control everything. Part of my story which we probably don’t have time to unpack right now. I am a a

recovering alcoholic and I I spent a lot of time you know a lot of inner work trying to come to peace with the fact

that you cannot control everything. And that was a really pivotal turning point in in my own mindset. Now tactically

what does that look like? putting teams on the ground, building systems that you can trust, building something that fits

into your life, right? Do you want to be super hands-on and involved in your business, or do you want to have a team

and, you know, people that are are running that business for you that you can manage and keep track of? So, I

think some of it is just optimizing for your skills, your lifestyle, and then putting the right people in the right seats. I do think there is a skill to

understanding what types of questions to ask of these teammates. In rental properties, it would be a property manager, an agent. in residential

assisted living, you’re also potentially vetting operators, you know, placement agents, whoever it might be. But, you

know, at some point you just it’s about building the right network, getting past those hurdles of fear and then trusting the systems that you put in place.

Absolutely. That was a perfect answer. You know, and I think one key thing that you you hit on too is like you’re not

going to be the one that’s doing the repairs, right? Like you’re going to still going to hire someone like a busy physician that’s listening to this, even

if you own the house next door and you need it. You know, everyone’s afraid of toilets, right? like you need to replace

the toilet, you’re still going to call someone to do that, right? So, it really doesn’t make a difference. All of our rental properties, except for our

basement, which we house hack, some of them I haven’t even seen. All of our assisted living ones, I’ve never even seen it in person, which is pretty crazy

when you think about it. But, you know, with all the technology that we have these days, and with Zoom and was able to video walkthrough and with the the

3D, you know, renderings and the I’m blanking on the name of it, the Matterport that you can just, you know,

essentially walk through the house, like it is easier to invest long distance than it’s ever been. and it hasn’t changed anything. Something breaks, we

still call a handyman. And so it it is not as scary as you think it may be. And

maybe investing long distance is going to offer better returns or or get you the opportunity for a a really sound

real estate investment that you wouldn’t have otherwise if you were stuck with your backyard. Yeah, I think that people sometimes also

get a fear of a blank map where once they decide that oh maybe I am comfortable with investing long distance

then they get overwhelmed by the idea of well where should I invest and that’s where like you know you guys in row room

you have a a framework that basically is like a build your own business plan type thing and one of the very first

questions that you ask is like what’s the location right so how do I find out in in assisted living what are the local

regulations and requirements what’s the timeline for getting things like permits and licens ing these things can have a

dramatic impact on whether an investment is viable for you or not. And so picking that location and and opening up,

getting out of the constraints of your home market, it provides more options for you, which in turn, you know, lets you figure out where’s the best place

you can place your money and make the most impact while still meeting your own personal goals.

Yeah, I completely agree. And that comes back to relationships, community, you know, having that accountability to help

lean on which which is provided in a mastermind program, whether that’s the rail room, action academy, any others. I

would encourage folks strongly to consider joining a community that can help you and that’s going to take away a lot of that fear of long-distance

investing or a different asset class or like, hey, what the heck do I do next? And so, that’s really going to help you

grow so much faster. So, I do think that that is huge to hit on. So Erin, you mentioned that you were doing lease to

operator, two of your homes in Las Vegas. You didn’t live there. I think lease to operator is a perfect way to

invest in assisted living and do it long distance. And we’re going to talk more about owning and operating of course

with Everwood Reserve in the project that we’re working on. But as a lease operator model from long distance, what

were your thoughts in regards to that? Any challenges, hurdles, anything like that that you ran into? And what are

your thoughts in terms of getting started through the least operator model? Sure. So, one quick correction, we did

live in Las Vegas when we bought those, but to be very honest, the difference between how we interfaced with those

companies and those houses, you know, 5 years after we moved away from Las Vegas versus when we lived there, it’s almost

identical. It was about building relationships, understanding who the influential people were at that company.

By the way, the company that was under lease when we bought it was acquired and then the company that acquired them was

acquired. So, it’s a large, you know, no undertaking just to keep a pulse of like who are the key decision makers, who are

the caretakers there dayto-day. So, we’ve visited Las Vegas, you know, a couple times a year. And every time we

go, we always make a point to stop by. I try and make sure to first observe the condition of the house and make sure

it’s the condition that we would be comfortable with if we were running it. Right? That’s you can’t tell somebody

how to run their business, but at the same time, if you observe something that’s unsafe or wouldn’t meet the standards that you would want, you’re

absolutely empowered to to speak up as the owner. So, I build relationships with the people in the corporate office

and also with the with the caretakers and even to the point where I know some of the residents, the longerterm residents that have been there. We keep

a pulse. You know, we try and do quarterly or at a minimum by annual walkthroughs and whether that’s us being

there in person when we’re visiting or sending one of our trusted people on the ground just to again get eyes on the

property, make sure everything is in good shape and make any repairs or requests any repairs that might need to

be done. One of the things I love the most about lease operator in in that scenario is that the state does

inspections, too. Some people view those state inspections as liabilities because the state might request that you do

something that you otherwise wouldn’t. I view that as a benefit. I think the more people that are keeping eyes on the

property and making sure that it’s in livable condition, that everything’s up to standard, that’s a benefit to everyone. You’re not going to be at risk

of your license getting pulled, it’s a check and balance on the operator to make sure that they’re not doing anything they shouldn’t be doing. And

it’s it provides it derisks a little bit for me being 2,000 miles away that you

know, hey, the property is in the condition that it needs to be. So, I really am very careful with the P word.

I don’t use passive very often, but this is pretty darn close to passive. When we do get pinged, it’s, you know,

oftentimes just to approve or maybe reach out to a vendor for one of the larger expenses. That’s maybe five

minutes out of my day and and then another five minutes to go pay the bill. But for the most part, it’s been a pretty hands-off experience. And again,

I feel good about the value that these homes are contributing to the local society and and economy there.

Yeah, I agree. I think I think that is all really good points. And yeah, we you know, for example, right now, one of our

least operator homes, the air conditioning just broke and it’s Phoenix, Arizona, right? So, like it’s

really hot and so that has been a fairly difficult thing to handle. But again, yeah, it just required a few phone

calls. We talked to home warranty folks. We talked with the the heating and air company that’s going to come replace it. And unfortunately, it’s still quite a

big bill, but you know, these things do happen. And and outside of that, right, like it is quite quote unquote passive.

And and I’ve talked about it multiple times on the podcast that truly passive income does not exist because you’re

still even doing due diligence on a deal if you’re just doing mailbox money or private lending or something else that’s

even more passive. And so I I do agree, but yeah, the least operator model, especially on the assisted living side

of things, if you want to own the real estate and be in control of at least the real estate, doesn’t get any more passive than that for sure. So, thanks

for sharing that, Aaron. I will say one other caveat for folks on the lease operator model, and I’m sure Aaron can

attest to this, is it is all dependent on your operator, right? And so, everything relies on your operator. That

is your sole tenant. And so, you have to make sure that you’re vetting the operator well, that you’re asking them all the right questions. you make sure

that they have their heart in the right place for taking care of seniors or developmental disabled individuals. And

so that is really really important to to do that to vet them, make sure their financial background looks good, make

sure they have cash reserves, make sure that they ultimately, as I mentioned, are in it for the right reason. And so

because things can really go south if they’re not and they realize like, oh, this is actually really hard work. I

don’t think I can do this. I want to break the lease. And then you’re kind of stuck trying to find another operator. show. That’s really important as well.

Absolutely. And I would also say in comparison, like I am a single family rental property owner. That is where I

view the majority of my foundational skills and exposure to real estate came from. Comparing lease to operator

assisted living to a standard rental property. It’s a lot less day-to-day oversight. You know, you’re you’re not

having to deal with lease renewals every year and vacancies and people leaving your houses trashed and and stuff like

that. I’m not saying not to invest in single family. I’m just saying compared one one next to the other lease operator

with a good proven operator like Alex mentioned can be a really good way to own those single family type homes or or

potentially even larger ones depending on what strategy you’re going after. Agreed. Yeah. And it’s the best

opportunity to cash flow in this current environment. I mean, we’ve seen where the real estate market is and how hard

cash flow is. It’s really hard to find a good long-term rental that’s going to cash flow in this market with interest

rates where they are. And so this is an awesome opportunity to do that on more of the passive side. And you know, for

example, our lease operator homes, they cash flow as well, if not better, than a really well-run Airbnb. And and I can

say that because we have an awesome, unique Airbnb geodessic dome property in the mountains of Colorado. That causes

way more headaches than our least operator model does. And so it’s just something for folks to consider. And if

you want to know more about that, feel free to reach out to Aaron or or myself and check out the rail room and and we

can talk more about the least operator model. But Aaron, let’s pivot now to something way more exciting than least

operator. Let’s talk about the project that you’re working on right now. So let’s get after it, man.

All right. Yeah. So I think it’s actually a good parlay because when we joined the rail room, when I heard this podcast episode that I’m going to keep

referencing, they really changed the picture for for us. You know, the original idea was that we did that reflection. We looked back across our

portfolio. What was performing the best? What was what did we feel best about and we we recognized that those two

residential assisted living homes were the best in our portfolio. Then I heard this episode and and and about your mastermind. We joined and my initial

thought was that we would just look for more lease operator long-distance rentals and it would kind of fit into that niche that we were already

comfortable with and familiar with. What we found instead is the more we learned about not only the opportunity and the

incredible demand that already exists, but the 15, 20, maybe even 30 years of

tailwinds of that demand increasing and then the lack of operators and and people that are are there to fill that

need. We kind of grew, we being my wife and I kind of grew towards, you know, maybe we could actually operate this

ourselves. We went through all your onboarding. There’s another thing we haven’t really talked about yet, which is also like figuring out what’s your

end goal and what are the problems you’re trying to solve in your own life. Like what are the things you want to enable? And what we kind of concluded is

that single family rentals and even lease to operator probably were not going to get us to the financial goals

that we had for ourselves, nor was it going to probably make the impact that we knew we wanted to have. So the more

we learned, the more we got comfortable, the more we surrounded ourselves with other people in the row room who had

made this commitment that they are going to launch their own assisted living homes, the more courage we had to explore, you know, a bigger and better

vision for for what we want to do. So fast forward and what that means is that we we ended up signing up for a

mentorship with Brett Shakavis who does the the memory care mansion model. And so we combined a lot of the resources

and network and support from the rail room along with Brett and his team’s toutelage and we scoped out our own

memory memory care mansion project here in Tombball, Texas, northwest suburb of Houston. And so since last September, we

have been scoping out this project. You know, it’s June as we’re recording this and we went under contract on 7 acres of

land at the end of January and through since then we’ve worked with the civil engineers, architects, builders. We

brought on a few different team members. We we secured, you know, preliminary approval for a bank loan and we even

launched a capital raise. And so we have everything in motion and we’re as I as we record this about a couple months

from from closing on that land and beginning construction. It’s a very long-term project, you know, so it’s

going to take 10 to 12 months to build these two mansions and develop the raw land and probably another 10 to 12

months to ramp up and stabilize. But once we are up and running and stabilized, you know, we’ll have 32 beds

in in Tombball where based on our research and understanding, there’s already 150 bed shortage and that’s only

going to get worse. And best part, you know, in our minds is there’s no comparable developments in the pipeline. So, we’re really well positioned to

serve that need in the community. And also, you know, we just feel so fulfilled and empowered by the impact

that this is going to make that it really it fires on every cylinder for for my wife and my my vision for what we

want to do. Absolutely. Yeah, you and Andrea have have done amazing things. As soon as you

guys got into the route, we’re like, man, these folks are going to crush it. And and you certainly have. And shout out to the Red Pod as a whole. You guys

are all just crushing it. And so, it’s been really cool to follow along on the journey. The other thing that I think is

worth mentioning was how excited Tomball, Texas was for this project when you when Andrea and yourself presented

what you were looking for with the space and the land. Do you mind telling folks a little bit more about that and kind of the zoning difficulties that may have

come up? Yeah, absolutely. So, the land that we found was currently zoned for

agriculture. It’s a piece of raw land. It has, you know, it’s completely undeveloped. There’s a lot of things we

had to navigate just to even make sure that we could go under contract and that the project was viable. But reszoning is

one big hurdle that a lot of people face with development. We had to actually work with the seller since we’re in a

long escrow period to cooperate to submit for resoning before we even close. So, first we had to find a seller

that bought into our vision and supported the project that we were trying to do, was willing to have a long escro period and was willing to sign on

the on the line for reasonzoning applications. Then from there, we had to take it to the city of Tombball. They

had four different checkpoint milestone meetings. So, it’s about a three-month process. You have to take it, you have

to make your initial case for what is the project, what is the purpose of the reasonzoning. They have to put communications out both written, they

put it in the local paper, they mail all the surrounding neighbors, and they they basically put the good word out in the

in the city to see if anybody objects. And then there’s a council of people that come in and ultimately vote on

whether they approve or deny the reasonzoning. So again, there were four checkpoints, but Andrea, my wife, she

she went and made the case, and the support was unbelievable. So if the one of the meetings she made you know the

here’s the vision here’s the need here’s our understanding of what we can contribute and then the council members actually went and did their own

independent research. They started calling around different homes seeing you know are they full is there a demand

for this like what is the what is the sentiment around this in our community and they came back and they had nothing but nice things to say about you know

not only is this project needed in our community but this is the type of thing that we would want to see in a

commercially zoned property. We don’t want to see somebody come in and build some 200 unit luxury apartment building

in our our nice little town of Tombal that’s known for you know southern hospitality and you it’s a lot of

farmers right like so this fit the vision of their city too and it even culminated in the mayor who was at the

final meeting you know shaking my wife’s hand and saying you welcome to Tomball so that’s the type of stuff where you

know you really feel that when the cities rally behind you you can see that they have in their own words and own

research validated the impact that you can make you that that’s what gives us determination when we’re fighting through a lot of the other red tape and

and difficulties of the project too. Yeah, I love that story cuz Yeah, it

shows the need. It shows the impact that you can have on the community and it shows how well you guys really prepared

for those meetings. I mean, yeah, they were ready to give Andrea key to this thing and let her become like assistant

mayor, which is awesome. And so I think that, you know, the big takeaway from that for folks that are listening is that zoning changes may need to be may

need to happen. But it’s really important to share your vision, share your journey, share the story, share your why. And a lot of times these

different municipalities, they don’t even know what residential assisted living is or what a memory care mansion is. So they hear assisted living and

they immediately think like this big box facility. Once you guys explain like, hey, we’re building two 16 bed luxury

memory care mansions that are going to be absolutely incredible and like add to the landscape and provide this great

service and provide jobs. Like it what a what a win-win for Tombball. And so like really really excited about that. And

not to mention that you guys did your due diligence and saw that 150 bed shortage. Aaron, what what are some

other things that you’re really excited for about this project? So, I think that the the barriers to

entry are pretty high when it comes to taking on something like a development, you know, not only the new build, but

then the the overarching business. But I think, you know, there there’s a personal story that we haven’t really cut on yet, which is my wife, her her

father had early onset dementia that set in when she was 19 and he passed when she was 26. He was in this big smelly

facility with, you know, poor quality of care. Everyone was overworked, you know, underpaid, just not a great environment.

same thing her grandparents also they they lived well into their 90s but they’re you know they had Alzheimer’s

and were in pretty poor conditions at the end of their lives and that experience really stuck with her both my

grandparents also had dementia and so like there’s a lot of personal experience of how we’ve seen these kind

of final chapters of people’s lives play out and there’s a lot we saw that we didn’t like so we actually really feel

the the calling as well to be able to pour back into other people’s other grandmas and grandpas and provide a

better experience that we wish we could have provided for our her own family. So when I see how Andrea lights up at the

idea, all the little programming, all no detail is too small to her as to how to

enhance the experience and make people feel welcome, personalized care, all this stuff. So really excited about some

of the program that we’re going to be able to offer and and how we plan to uplevel the the quality of service. And then honestly, the profitability and all

the back-end business, you know, it it’s built upon the quality of the service. So this is something that we’re grateful

in the rail room that it’s not just a bunch of investors looking at dollar signs thinking like oh this is a great

financial opportunity. It’s like no this is an opportunity to make an impact and if you do that if you do lead with

service first and quality of care then the profits will follow. So I think that’s one element that that we feel

great about. We’ve built a what we think is a rockolid business plan. We’ve designed the returns for our investors

to reward you know that they’re they’re taking on some risk. It’s a development project. There’s a lot of things that have to go right, but we really feel

like we’ve built a win-win deal that can be a home run for for everyone involved. So, just excited to be able to socialize

that, share it with our investors and and the community at large. Yeah, absolutely. And, you know, we’re

we’re so excited to partner with you guys on this project because we see your passion. Like I mentioned, we we love

you guys and and we’re so proud of what you guys have already done and accomplished and all the hard work that has happened. And so Charlie Luke and

myself are excited for the partnership there and you know really excited for this project to kick off. I think too,

you know, like you mentioned, Andrea’s programming and leaving no stone unturned and and just the level of care

that folks are going to receive at Everwood Reserve to just is is so exciting and blows my mind. And that’s

why we started the round room as you mentioned like imagine a world where the the baseline or not even the baseline,

that’s probably not the right term, but the like expectation is care is good as folks are going to receive it ever

would. That’s what I want for my grandma, my grandpa, my mom, my dad when that happens. And the only way this is

going to happen is if we open tons more of these homes. I mean, we’ve already talked about the shortage. I mean, we’re a million beds short. We’re a trillion

dollars development wise behind in terms of investment. Like, the need is so massive and the supply is not there and

it is in no way keeping up with the demand to come. But imagine if we can shift the paradigm of senior living to

be as good as what Everwood’s going to be. And so, like, man, it’s just such an exciting project. We’re so pumped about

it. Not to mention the returns are fantastic as well. And one thing I’ll add too, right, I I appreciate that. And

putting ourselves in a room with people where everyone has that aligned philosophy and sentiment. I mean, the

row room is full of go-givers, people who actually do care. They care more about the quality of care than they do

about the profits. Obviously, the profits are important, especially when you’re trying to run a business that’s going to sustain. But I really do

appreciate that because I I don’t think that every room full of investors is thinking about the service first. There

there are plenty of people that are driven primarily by money. And one of the things that drew us to residential assisted living is that the average

person that actually gets into this and sticks with it, they do have that big heart. And those are the type of people

we want to be surrounded with. And I know every listeners to this show, you know, folks most likely in in healthcare, like you enter because you

have a big heart. And you know, being able to serve people in that way is is incredibly important. Same thing with,

you know, the mentors and the groups you choose to join. like do these people share your values and and can you see

you know getting into these big you know complicated projects together and and weathering the storm because that your

belief in the cause is is great enough to overcome. So I just wanted to add that element too. Yeah, that is well said. I completely

agree and I think one thing that’s really important for folks listening to this is to understand maybe a little bit more about the team and the support. new

new development is is tricky and it’s a long process as you’ve already mentioned and there is some red tape but the team

that you guys have built I think is incredible with Brett with Joe with with us and you know I’m really excited to

see how that goes. Do you mind speaking a little bit more about some of the experience there? Sure. Yeah. So you know core to the team

is my wife and I. Andrea’s got a background in social sciences. So she has a master’s degree in community

development and really understands just the different stages of development of the human mind. She also has a

background in nonprofit and program development and management. So again very peopleented not only from a

tactical standpoint but how to really understand you know what drives people. That combined with her personal experience in senior care you know she’s

really bringing a lot to the table there. My background is in management and operations and particularly on the

finance side. So I’ll be largely the you know the CF and and financial guy. Then we are lucky to partner with you guys

both from your the expertise you bring from Room but also Open Range Capital which is your guys fund. So we’re

teaming up to help go find the capital partners we need to fund this project. So we we get to not only spend time with

you guys and and and get your your perspective as RA operators but but we get to put our heads together and bring

this opportunity to a broader base of people. We also have you know Brett and Laura his wife. They run these exact

homes. They’ve built this exact floor plan. They’ve gone, you know, end to end through the full project life cycle of

what they’re they’re running us through. So, we’re using their exact playbook. And that includes, you know, the the

very difficult work of finding viable land, figuring out, you know, we talk a lot about the project in its current

form, but what we don’t talk about is the 25 different pieces of land that we looked at before this and the three months that Andrea spent driving all

over Houston getting frustrated because we couldn’t find anything that made sense, right? It’s it’s that is actually a good thing, right? that we had a

steady hand and someone with experience that could help us say no to 25 pieces of land before we found the right one

because you know without someone with that perspective and experience we might have landed on something that wasn’t a

good fit. So Brett and his team are bringing that end-to-end project support. And beyond that, we found a great local GC who’s done who has, you

know, 40 years of experience in Tombball. Their office is about two miles away from the land. They know this

place inside and out, you know, above ground and below ground. And and we we just feel like we have a really

well-rounded team that can cover all the bases that we need to cover, and we have the right perspectives to help, you know, prevent us from making mistakes,

but also realize the upside and and the different ways that this business can succeed and add value.

Absolutely. Yeah, it’s going to be an incredible project, an incredible opportunity. We are planning to host a

webinar. If folks are interested in learning more about this project, please sign up for the webinar. We’ll include

the link here in the comments. Reach out to Aaron, reach out to myself. We’ll have plenty of different ways. We’ve already done a webinar that we have

available, too. If folks are like, hey, I just want to know a little bit more and I don’t want to wait any longer for for the webinar project. So, lots of

opportunity there. And the webinar is going to be on the 30th. So, if folks are interested in knowing more, if you

don’t want to wait that long, this podcast is going to air on June 25th. Go ahead and reach out to Aaron or myself

and we’ll send you all the resources that we have. Aaron also has made an incredible website where you can model

your returns on investment. It’s the first webinar that we recorded and a bunch of other great information on

there as well. So, we’ll include the links to that in the show notes. Erin, anything else that you want to add?

No, I I I appreciate the opportunity to to join and and share this story. I think the row room is full of people who

have made this commitment that they know they want to get into this industry. There’s an overwhelming need for good

operators and people that not only have the big hearts that it takes to to navigate some of the choppy waters, but

also want to be in in the room and surround themselves with the resources they need. And so I I can’t say enough good things about the impact that being

in the RA room has had on us. And I just wanted to share that to anybody who might be on the fence about whether, you

know, this is the right fit for them or or a good decision for them. put yourself in a room surrounded by people

who are doing it and and you know you will rise to the challenge and I hope to to see more more people in there along

with us. Yeah, we did not pay him to say that too. So, thanks Aaron. Really really appreciate the the kind words and the

feedback there. Well, folks, we’re we’re excited for Everwood Reserve. We’re excited for this project. Tomball,

Texas. The seniors that live there are going to get some really exceptional care and just we want you to join us on

this journey if you’re interested. So without any further ado, we’ll go ahead and wrap things up. And with that, it is

Aaron Amin and Alex Low with another episode of the Physicians and Properties podcast. Signing off. Thank you for

making it to the end of today’s episode. As you may know, podcasts are very difficult to grow organically. If you’re

getting value from today’s episode, I’d deeply appreciate if you can take 30 seconds to leave my show a fivestar

rating and review. This will go a long way to helping me reach more listeners just like you. Thank you so much in

advance.