The content below for Senior Living and Senior Housing definitions is taken from seniorlivingdeveloper.com: (Tim to dictate minor edits and have keywords in mind)
Senior Consulting, LLC has completed senior living market studies for over 20 years, including for locations in over 30 US states and almost 140 studies in the last 4 years alone. Over the last several years the majority of the Assisted Living Market Analysis that we completed have been on our own accord, as in our practice as a SeniorLivingDeveloper. Please take a look at our affiliated websites on SeniorLivingMarketAnalysis and AssistedLivingMarketAnalysis.
It is critically important to determine the appropriate Assisted Living Service Area. Very often, there are geographic boundaries, let alone unofficial boundaries between different neighborhoods or areas from a standpoint of public perception due to differing income levels or other factors. Therefore, determining an Assisted Living Service Area relies on a depth of experience, as the service areas are typically irregular in shape. There are many senior living firms that choose to take a shortcut and draw a circle around a Subject Property, which more often than not, does not accurately reflect an appropriate Assisted Living Service Area.
Ask us if you have any questions on your potential need for a Senior Living Market Analysis.