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In the depths of the real estate slump, who would have anticipated the strength of today's senior housing market? Who knew that REITs would embrace the property type or that yesterday's sterile projects would evolve into today's more homelike environments? And who knows what will happen to senior housing in the future, as the baby boom generation approaches retirement age?
This comprehensive guide covers
Changes in the senior housing and health care industries
Descriptions of new product types and regulations
Design and development considerations for new projects
Management and staffing tips
Lending and project feasibility criteria
Market analyses and feasibility studies
Valuation case studies of skilled nursing and assisted-living facilities
About the Authors
Arthur E. Gimmy, MAI, is the president of Arthur Gimmy International, located in Corte Madera and Newport Beach, Calif. Mr. Gimmy has taught many appraisal courses, served on numerous local and national committees, and published nearly 50 articles on a wide variety of appraisal topics. He also has written several books, including Golf Courses and Country Clubs: A Guide to Appraisal, Market Analysis, Development, and Financing and The Business of Show Business: The Valuation of Movie Theaters. In 1996 he was awarded the George L. Schmutz Memorial Award by the Appraisal Institute for his contributions to the advancement of appraisal knowledge. He can be reached at: 45 Koch Road, Suite C . Corte Madera, CA 94925 or phone (415) 945-1650 or by Fax: (415) 945-1656 or by email: email@example.com Web site: www.arthurgimmy.com.
Susan B. Brecht is president of Brecht Associates, Inc. in Philadelphia, a firm providing consulting services to the retirement housing industry. Ms. Brecht is the author of Retirement Housing Market: Project Planning and Feasibility Analysis and co-author of Housing for Seniors: Developing Successful Projects, published by the Urban Land Institute. She has published numerous articles and holds a part-time faculty post at NYU’s Real Estate Institute.
Clifford J. Dowd is an associate with Sedway Group, a San Francisco-based real estate and urban economics consulting firm. He specializes in strategic market and financial analysis of existing and proposed real estate developments, serving both public- and private-sector clients. He has experience with senior housing properties in seven states and has conducted extensive research on assisted-living facilities for people with Alzheimer’s disease.