Survival of the Fittest: Competition, Consolidation and Growth in the Assisted Living Industry

This article reviews existing static demand models commonly used in seniors housing industry research to estimate demand for assisted living facilities and advances a new dynamic model for estimating the effective demand of assisted living facilities. The new model considers the number of age-, inco...

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Bibliographic Details
Published inThe journal of real estate portfolio management Vol. 5; no. 3; pp. 225 - 234
Main Authors Doctrow, Jerry L., Mueller, Glenn R., Craig, Lauren M.
Format Journal Article
LanguageEnglish
Published American Real Estate Society 01.01.1999
Subjects
Assisted living
Assisted living facilities
Capital structure
Competition
Demand models
Effective demand
Housing
Income estimates
Industrial market
Nursing homes
Older adults
Pricing
Residential care
Skilled nursing facilities
Social housing
Statistics
Supply
Supply and demand
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Summary:This article reviews existing static demand models commonly used in seniors housing industry research to estimate demand for assisted living facilities and advances a new dynamic model for estimating the effective demand of assisted living facilities. The new model considers the number of age-, incomeand disability-qualified seniors that can reasonably be expected to move to assisted living annually from independent residences, other assisted living facilities and skilled nursing facilities. It then compares this effective demand to the number of assisted living units that must be re-rented annually due to high resident turnover and concludes that the effective demand for assisted living is less than many current industry estimates. It proposes new implications for the impact of lower effective demand of new assisted living units for the industry and investors.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:1083-5547
2691-1205
DOI:10.1080/10835547.1999.12089581