Every investor in a five-year hold eventually asks the same question. Who takes me out, and at what price? For boutique residential senior care, the answer has become clearer over the last eighteen months, and more favorable than most assume. With 45 percent of investors planning to buy and only 14 percent planning to sell, the exit risk people imagine does not match the market. But the data reveals something that should change how the hold itself is run. The exit multiple is set during the operating years, not at the close.