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Real Talk about Relationships, Real Estate and Regulations inside Senior Living
In this episode, the host dives into the three core aspects of senior living: relationships, real estate, and regulations. Erin explores the importance of balancing these elements to ensure the success of a senior living community. Through personal anecdotes and professional insights, Erin emphasizes the critical role that relationships play in enhancing occupancy rates and building trust. Erin also highlights the real estate lens of senior living, explaining the concept of Real Estate Investment Trusts (REITs) and their impact on the industry. Additionally, Erin discusses the often-overlooked importance of regulatory compliance and offers practical advice for leaders to navigate these components successfully.
00:00 Introduction: The Three R's of Senior Living
00:45 Personal Journey: From Naivety to Realization
03:07 Understanding Real Estate Investment Trusts (REITs)
05:05 The Corporate Lens: Real Estate and Relationships
06:22 The Importance of Relationships in Real Estate
07:40 Regulations: A Key Component of Senior Living
09:07 Balancing the Three R's for Leadership Success
11:32 Real Estate Perspective: Corporate and Community Views
18:03 Building Relationships: The Heart of Senior Living
28:28 Navigating Regulations: Lessons and Reflections
36:14 Conclusion: Embracing the Three R's for Sustainable Success
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