Seniors Housing

by Anikeeff, Michael A.; Mueller, Glenn R.; National Investment Conference Board; American Real Estate Society

• ISBN13: 9780792380122
• ISBN10: 0792380126
• Format: Hardcover
• Copyright: 1997-10-01
• Publisher: Kluwer Academic Pub

Summary

Seniors housing improves the quality of life for an increasingly significant segment of the population. The number of people in the United States over sixty-five years of age is projected to double in the next thirty years, and the number of people aged eighty-five and over - the ones most in need of seniors housing - is projected to increase three-fold. The business implications of this demographic change are significant. This volume provides an introduction to seniors housing, and an industry analysis, with the ultimate goal of expediting needed investment. It provides information for industry analysts on product lines, complementary products, and substitute products. In addition, it examines buyers and their behavior; the growth potential of the industry; the growth patterns and determinants of growth; the economics of the different product types; and the market analysis techniques. Finally, an article on health care REITs and health care stocks investigates the performance of the larger players in the industry.

Table of Contents

ABOUT THE EDITORS	XIII	(2)
FOREWORD	XV
INTRODUCTION	1	(4)
Michael A. Anikeeff
Glenn R. Mueller
1 PRIMER ON KEY ISSUES IN SENIORS HOUSING	5	(16)
John D. Benjamin
Michael A. Anikeeff
2 OVERVIEW OF SENIORS HOUSING	21	(24)
Charles M. Sexton
3 VALUE INFLUENCES PAST, PRESENT AND FUTURE	45	(18)
Mark D. Roth
Charles J. Herman, Jr.
Christopher Urban
4 1996 ACQUISITION MARKETS SENIOR HOUSING AND LONG-TERM CARE INDUSTRIES	63	(10)
American Seniors Housing Association
Capital Research Group
5 THE EVOLUTION AND STATUS OF SENIORS HOUSING TERMINOLOGY: A REVIEW AND ANALYSIS BY SERVICES, PRODUCT TYPES, AND POLITICAL JURISDICTIONS	73	(16)
David Scribner, Jr.
John A. Dalkowski, III
6 TOWARD STANDARDIZING SENIORS HOUSING: INDUSTRY DEFINITIONS BY PROJECT TYPE	89	(20)
Michael A. Anikeeff
Glenn R. Mueller
7 RETIREMENT HOUSING AND LONG-TERM HEALTH CARE: ATTITUDES OF THE ELDERLY	109	(22)
Karen Marten Gibler
James R. Lumpkin
George P. Moschis
8 ADAPTING DEMAND METHODOLOGIES FOR ASSISTED LIVING MARKET ANALYSIS	131	(22)
Susan B. Brecht
9 SENIORS HOUSING INVESTMENT: HOW PENSION FUNDS CAN OBTAIN SUPERIOR RETURNS, ACHIEVE PORTFOLIO DIVERSIFICATION, AND PROVIDE FUNDS FOR A NEEDED HOUSING PRODUCT	153	(14)
L. Robin DuBrin
10 PENSIONS AND SENIORS HOUSING	167	(4)
Stephen Roulac
11 THE INVESTMENT CASE FOR SENIOR LIVING AND LONG TERM CARE PROPERTIES IN AN INSTITUTIONAL REAL ESTATE PORTFOLIO	171	(12)
Glenn R. Mueller
Steven P. Laposa
12 QUANTIFYING THE SUPPLY OF SENIOR HOUSING	183	(22)
Michael A. Anikeeff
James E. Novitzki
13 FORECASTING SENIORS HOUSING DEMAND	205	(32)
Robert H. Edelstein
Allan J. Lacayo
14 THE RELATIONSHIP BETWEEN HEALTH CARE REITS AND HEALTH CARE STOCKS	237
Darcy D. Terris
F.C. Neil Myers