Assisted Living Properties
Assisted Living is a broad term used to describe a housing facility for people with disabilities. These facilities provide supervision or assistance with activities of daily living (ADLs); coordination of services by outside health care providers; and monitoring of resident activities to help to ensure their health, safety, and well-being. Assisted living is a special combination of housing, supportive services, personalized assistance and health care that responds to the individual needs of those who need help with activities of daily living but do not require 24 hour care to meet scheduled and unscheduled needs, in a way that promotes maximum dignity and independence for each resident.
Within the United States assisted living spectrum, there is no nationally recognized definition of assisted living. Assisted living facilities are regulated and licensed at the U.S. state level. More than two-thirds of the states use the licensure term “assisted living.” Other licensure terms used for this philosophy of care include residential care home, assisted care living facilities, and personal care homes. Each state licensing agency has its own definition of the term it uses to describe assisted living. Because the term assisted living has not been defined in some states it is often marketing term used by a variety of senior living communities, licensed or unlicensed.
At Vanguard Realty Advisors, we have experienced and dedicated commercial appraisers focused on assisted living appraisals and are keenly aware how demand and supply segments, market conditions and competitive supply affect valuations. Please contact us for any assisted living appraisal services.