Paradigm Senior Living can tailor the scope and cost of your project feasibility study to meet investor-lender underwriting requirements. By delivering the right scope and depth of information to the right parties, at the right time, we can save you time and money in the feasibility/funding process.
Market Studies may include any or all of the following components:
Geographic Market Conditions
- Site Location Maps
- Local Economic Trends and Population Trends
- Trends in Population by AgeDefinition of Primary and Secondary Market areas
Part II – General Demographic Research and Analysis
- Collection, Tabulation, and GIS Color Mapping of Demographic Data for the Primary and Secondary Market Areas:
- Market Depth of Senior Population by Age (75+) and Income ($40,000+)
- Market Depth of Caregiver Population by Age (45-64) and Household Income ($75,OOO+)
Part III – Specific Primary Market Demand Research and Analysis
- Estimated Non-Institutionalized Population 75 + Age Group
- Size of Non-Institutionalized Population 75 + Age Group by Income
- Demand for Personal Care (Assisted Living) by Rent Level
- Demand for Independent/Congregate Care by Rent Level
- Demand for Assisted Living and Independent Living Based on Caregiver Market
- Demand for Non-Institutional Dementia Care
Part IV – Competitive Analysis
- Recommended Best Senior Housing Use of the Site Overview and Recommendations of Units and Services
- Detailed Competitive Profile – Existing Facilities
- Detailed Competitive Profile – Proposed Senior Housing Services and Projects
- Detailed Analysis of Secondary Competitive Marketplace (Alternative Care and Housing Options)
Part V – Conclusions and Recommendations
- Market Analysis Conclusions
- Potential Market for Various Levels of Senior Housing and Services
- The Effect of Current and Future Supply
- Required Penetration Rates
Part VI – Recommended Specific Facility Prototype
- Recommendation of Product Type(s) i.e. AL, IL, MC etc.
- Resident Apartments – Unit Size & Mix
- Recommendaiton of Amenity Spaces and Services
Service Program Components
- Ancillary Services
- Regulatory Issues
- Management – Marketing Issues
Estimated Completion Time: 45-60 Days from the Date of Engagement.
Click Here to Request Fees and Terms, or to tailor a study to your specific project.Or call us toll free at 1-877-287-6868for a FREE Initial Consultation