To lease or to own, that is the question.
Senior care business owners have been known to struggle with the owning vs. leasing question, but the answer to the “are you better off” question is always the same.
“It all depends,” says Cambridge Realty Capital Companies Chairman Jeffrey A. Davis.
Cambridge is one of the nation’s leading senior housing/health care lenders and acquires senior care properties through its Cambridge Investment and Finance Co. acquisition arm. From an operational standpoint, Mr. Davis suggests there’s not a world of difference between owning and leasing the real estate.
“Either way, the business owner has the right to occupy the property and keep the profits earned. The license is in the business owner’s name and the business owner is responsible for property maintenance. Also, the physical appearance of the building will essentially look the same,” he said.
Contact Cambridge today to get the capital your facility needs for either owning or leasing. We're here for you with sound advice, so call us today at 312-357-1601 to discuss your transaction. To read the whole article, visit our blog, or learn more about all of our services.