JF 3988: $13M Turnarounds, Staff Culture, and 20%+ Margins in Assisted Living ft. Justin Burke

The Best Ever CRE Show

Best Ever CRE

Investing, Entrepreneurship, Business

4.8 • 983 Ratings

🗓️ 5 August 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this episode of Best Ever CRE, Joe Cornwell interviews Justin Burke, managing partner of VitaCare Living, about building a profitable assisted living business rooted in culture, leadership, and long-term demographic trends. Justin shares how he transitioned from coaching college football to running a 24-property senior care operation by focusing on operational excellence, staff alignment, and resident care. He breaks down the economics of a real assisted living deal, explains the challenges and rewards of operating in this asset class, and outlines how to underwrite these deals differently than traditional multifamily. The conversation also dives deep into leadership strategy, hiring philosophy, and why culture is the make-or-break factor in this high-touch business. Justin Burke Current Role: Managing Partner at VitaCare Living Based in: Minnesota & Wisconsin Say hi to them at: [email protected] | LinkedIn Visit investwithsunrise.com to learn more about investment opportunities. Post your job for free at https://www.linkedin.com/BRE. Terms and conditions apply. Join the Best Ever Community The Best Ever Community is live and growing - and we want serious commercial real estate investors like you inside. It’s free to join, but you must apply and meet the criteria. Connect with top operators, LPs, GPs, and more, get real insights, and be part of a curated network built to help you grow. Apply now at ⁠www.bestevercommunity.com⁠ Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You've probably noticed this. Despite all the headlines about record investment in renewables,
0:04.8	the world still runs on oil. In fact, demand keeps climbing. But here's what most investors don't
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0:27.4	delivered six straight quarters of 15% annualized cash yield from producing oil wells. With their
0:33.3	current fund, they're targeting 29% cash on cash returns in over 10 years and 8.83 times equity
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0:45.1	stability of producing wells with the upside of carefully selected drilling projects. And here's a
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1:17.7	quick start guide if you're brand new to oil and gas investing. Why are businesses like HelloVet
1:23.6	choosing Apple products and services? So we started the business two years ago.
1:28.5	We had a few people who were used to PCs and this was their first foray into Macs.
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1:50.9	Welcome to the best ever CRE show, the world longest running daily commercial real estate
1:55.5	podcast. If you want real stories behind the good, the bad and the worst ever deals, plus
1:59.9	insights into what really goes on in the commercial real estate investing, you're in the right place.
	...

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