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Tables of Contents for Housing for Seniors
Chapter/Section Title
Page #
Page Count
Preface
iii
Introduction to Seniors' Housing
1
14
Douglas R. Porter
Susan B. Brecht
Who Are the Seniors?
1
4
Economic Status
2
1
Needs and Disabilities of the Elderly
2
1
Housing Investment
3
2
Senior's Needs for Housing
5
2
Reasons for Moving
5
1
Resistance to Moving
5
1
Advantages of Seniors' Housing
6
1
Types of Seniors' Hosing
7
4
Developers of Seniors' Housing
11
4
Development Strategies
15
14
Douglas R. Porter
Randy A. Faigin
The Project Concept
15
1
The Community and Neighborhood Context
16
3
Access to Services
16
1
Security
17
1
Compatibility with the Neighborhood
18
1
Site Characteristics
19
5
Shape and Topography
22
1
Infrastructure Availability
22
1
Environmental Opportunities and Constraints
22
1
Zoning Status
23
1
The Development Process
24
1
The Project Team
24
1
Concept Refinement
24
1
Implementation
25
1
Regulatory Requirements
25
4
Zoning Approval Process
25
1
The Fair Housing Act
26
3
Understanding Market Opportunities in Seniors' Hosing
29
12
Susan B. Brecht
Evaluation the Project Location and Site
29
1
Market Area Definition
30
2
Some Cautions
30
1
Differences among Urban, Suburban, and Rural Markets
31
1
Sponsor/Owner Sphere of Influence
31
1
Differences by Product Type
31
1
Primary and Secondary Market Area Definitions
31
1
Demographic Trends and Characteristics
32
1
Population Density and Trends
32
1
Economic Indicators
32
1
Competitor Analysis
33
1
Defining direct and Indirect Competition
33
1
Competitor Data
34
1
Identifying Planned Competition
34
1
Qualitative Information
34
1
Attitudes toward Retirement Housing
34
1
Reactions to project Features and Pricing
35
1
Character of the Market
35
1
Quantifying Market Depth
35
2
Sizing the Market
35
1
Quantifying Competition
36
1
Market penetration
36
1
Differences between Independent Living and Assisted Living
37
1
Absorption and Fill period
37
2
External and Internal Factors
37
2
Bases for Assumptions
39
1
Market Niche and Positioning Opportunities
39
2
Sponsorship
39
1
Community Outreach and Services
39
1
Health Care Linkages
40
1
Planning and Design Considerations
41
26
Douglas R. Porter
Overall Design Considerations
42
7
Relationship to the Neighborhood
42
2
The Entry
44
1
On-Site Design Relationships
45
4
Residence planning and Design
49
7
Project Size and Unit Types
51
Architectural Design
35
21
Circulation and Parking
56
1
Open-Space Planning and Design
57
3
Facilities, Service, and Amenities
60
7
Defining Appropriate Facilities
60
1
Recreational Facilities
61
1
Health Care Facilities and Service
62
1
Social/Living Services
63
1
Transportation Services
64
1
Security Services
65
1
Commercial Services
66
1
Financing Options
67
26
Stephen L. Taber
Mel Gamzon
Overview of Seniors' Housing Financing
67
2
Evolution of the Industry
67
1
Lessons Learned by Lenders and Investors
68
1
Improved Underwriting Standards
68
1
Underwriting Criteria
69
2
Evaluation by Investors and Lenders
71
3
Feasibility Study
71
1
Valuation Issues
72
1
Presales
73
1
Rating Agencies
74
1
Types and Sources of Financing
74
15
Equity
74
1
Investor Equity
74
3
Construction and Gap Financing
77
2
Permanent Financing
79
2
Government Loans, Grants, and Subsidies
81
3
Proceeds from Resident
84
3
Hybrid Arrangements
87
1
Low-Income Seniors' Housing
87
2
Securing Financing
89
1
Loan/Investment Presentation Package
89
1
Securities Laws and Disclosure Requirements
89
1
The Future of Seniors' Housing Finance
90
3
Management and Marketing
93
12
Lee E. Cory
The Management Approach
93
1
Resident Policies and Practices
94
1
Acceptance and Discharge of Residents
94
1
Resident Orientation
95
1
Resident Service
95
1
Staffing and Personnel Administration
95
1
Departmental organization, Staffing, and Operation
96
3
Administration
97
1
Accounting
97
1
Activities
97
1
Food Services Department
98
1
Housekeeping/Laundry Department
98
1
Maintenance
99
1
Health Services Department
99
1
Aging in Place
99
1
Assessment and Pricing of Housing and Services
100
1
Regulatory Issues
101
1
Marketing of Housing for Seniors
102
3
Relationship-Centered Marketing
103
1
Information Management in Marketing Seniors Housing
104
1
Appendix. Exemption Criteria of the Fair Housing Act
105