The healthcare industry is one of the most competitive sectors of the U.S. eEconomy, and the real estate associated with it is one of the most dynamic and attractive in the marketplace. The latest book from the Appraisal Institute (AI) explores senior housing, nursing home and hospital properties from physical and economic perspectives, providing appraisers with an up-to-date set of tools for determining the productivity, marketability, feasibility and value of these facilities, AI said in a release.
Real estate appraisers advising investors, developers, operators, and government agencies must have the tools to analyze and value these properties.
“The Appraisal of Senior Housing, Nursing Home, and Hospital Properties,” by James Tellatin, Vic Cremeens, Bradley Schopp and Hollis Taggart, outlines the forces affecting earnings and valuation.
Because of the broad scope of topics covered, many non-appraisers — including lenders, equity investors, operators, developers, industry analysts, assessors and attorneys – would find this book useful, AI said.
“The healthcare sector has changed tremendously in recent years and this comprehensive text provides appraisers and others in the real estate field the tools they need to examine these facilities,” Craig Steinley, 2023 AI president, said in the release. “These complex properties require a unique set of skills, making this text an essential part of the appraiser toolkit.”
All three traditional approaches to value are examined in this book, and the influence and considerations associated with Medicare and Medicaid programs are also examined in detail. The focus of the book is the valuation of the going concern assuming a fee simple interest in the real property. In addition, techniques for the allocation of the value of the real property, personal property, and intangible property are covered along with specialized topics such as leased fee and leasehold interests and life plan communities.
For more information, go to Appraisal Institute Bookstore.