Field Survey Methodology: Elderly Living
Following is a synopsis of the components typically included
within a Danter Company field survey for elderly living
development:
Site Inspection
Each proposed site is personally inspected by a Danter
Company field analyst. The site is inspected for the suitability
for development as it relates to the market. A full area
description is included identifying surrounding land uses, as
well as proximity to area resident services.
Effective Market Area (EMA)
The EMA, the smallest area from which the project will draw
60% to 70% of its support, is identified for the subject site.
Mobility patterns affecting development at the subject site,
natural and manmade boundaries that affect mobility, and area
perceptions affecting the site are all identified.
100% Field Survey of Elderly Living
Facilities
A 100% field survey is conducted to identify area elderly
living facilities (independent living, congregate care,
assisted-living, and nursing homes, depending on the type of
study being conducted) to identify the following, presented in
comparative chart form for each project surveyed:
- Type of facility
- Number of units/unit mix
- Rents/monthly fees
- Vacancies
- Year opened/converted
- Endowments (if applicable)
- Unit amenities
- Project amenities/services
- Utilities
- Service charges/additional fees
- Refund policies
- Square footage of rooms/units
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