Three examples of communities that changed course for the better. By Jane Adler As consumer expectations change, older properties can be repositioned to compete. Local market dynamics often dictate the best approach, whether it’s adding new amenities or starting over from scratch. What follows are three different case studies of how properties can be repositioned to meet today’s market. John Knox Village: Rightsizing a CCRC Developers and investors like to talk about unit counts as a measure of project size and success. But sometimes less is more. In 1990, John Knox …
From The Magazine
Appraisers are forced to react to a seniors housing industry in a constant state of transformation. By Jeff Shaw Seniors housing has undergone some rapid adjustments in recent years, such as the sea change in skilled nursing and the rush of new investors into the sector, with more change on the way. Appraisers, who above all seek to take an objective, unbiased look at the value of seniors housing properties, have a front-row seat to this evolution of the industry. When asked the storyline of the last 12 months in …