New Appraisal Institute Explores Appraisal of Senior Housing, Nursing Home and Hospital Properties

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CHICAGO – RealEstateRama – The healthcare industry is one of the most competitive sectors of the U.S. Economy, and the real estate associated with it is one of the most dynamic and attractive in the marketplace. Real estate appraisers advising investors, developers, operators, and government agencies must have the tools to analyze and value these properties. The latest book from the Appraisal Institute explores senior housing, nursing home and hospital properties from physical and economic perspectives, providing appraisers with an up-to-date set of tools for determining the productivity, marketability, feasibility and value of these facilities.

“The Appraisal of Senior Housing, Nursing Home, and Hospital Properties,” by James K. Tellatin, MAI, Vic Cremeens, MAI, Bradley J. Schopp, MAI, and Hollis C. Taggart, is the preeminent text outlining the forces affecting earnings and valuation.  Because of the broad scope of topics covered, many non-appraisers—including lenders, equity investors, operators, developers, industry analysts, assessors and attorneys—will find this book useful.

“The healthcare sector has changed tremendously in recent years and this comprehensive text provides appraisers and others in the real estate field the tools they need to examine these facilities,” said Craig Steinley*, 2023 President of the Appraisal Institute. “These complex properties require a unique set of skills, making this text an essential part of the appraiser toolkit.”

All three traditional approaches to value are closely examined in this book, and the influence and considerations associated with Medicare and Medicaid programs are also examined in detail. The focus of the book is the valuation of the going concern assuming a fee simple interest in the real property. In addition, techniques for the allocation of the value of the real property, personal property, and intangible property are covered along with specialized topics such as leased fee and leasehold interests and life plan communities.

“The Appraisal of Senior Housing, Nursing Home, and Hospital Properties” (ISBN: 9781935328926) is a 442-page book; a PDF is also available. They are available for $115 ($90 for Appraisal Institute professionals) each. Order this publication from the Appraisal Institute Bookstore.

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*Craig Steinley, MAI, SRA, AI-GRS, AI-RRS

The Appraisal Institute is the leading professional association of real estate appraisers. The Appraisal Institute’s Code of Professional Ethics and Standards of Professional Practice comprise requirements for ethical and competent practice, and advance equal opportunity and nondiscrimination in the appraisal profession. The Appraisal Institute’s work includes an array of professional education and advocacy programs, and stewardship of the highest level professional credentials in residential and commercial real estate appraisal. Learn more at

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