RE Brokerage & Investment Syndication Firm, 45-Year Colorado Assisted Living Sponsor

Full Editorial Writeup

This is a 45-year-old Englewood, Colorado firm operating two distinct lines under one roof: an investment syndication business and a residential real estate brokerage. The syndication side is the real engine. It sponsors and oversees eleven partnerships holding a portfolio of commercial real estate valued at over $102 million, concentrated heavily in assisted living facilities. Roughly 38 of the properties are ALFs totaling around 900 beds, with just 4 non-ALF assets remaining after years of deliberate divestiture toward the senior-housing niche.

The revenue model here is the interesting part. As the general partner and sponsor of these partnerships, the firm earns ongoing management and sponsor economics off a large, long-tenured investor base it has cultivated over decades. That produces a durable, annuity-like income stream tied to an essential-needs asset class. The secondary brokerage division runs seven licensed residential brokers across Colorado, generating transactional commission income that is more cyclical and lower margin.

With $3.59M in revenue and $1.12M in cash flow, the business converts roughly 31 cents of every revenue dollar to owner earnings, which is strong for a services firm and signals the syndication fees, not brokerage commissions, are carrying the P&L. The asking price of $2.3M at a 2.06x multiple is notably cheap for a cash flow this size, which almost always means the economics are tied closely to the departing owner's relationships, GP role, and the continuity of the eleven partnership agreements. The owner is retiring and positioning this as a platform a buyer can expand geographically or by service line.