INVENTORY AND CONSTRUCTION REPORT SAMPLE REPORT

Transcription

1 INVENTORY AND CONSTRUCTION REPORT 3rd Quarter 21 Las Vegas, NV National Investment Center for the Seniors Housing & Care Industry

2 TABLE OF CONTENTS Construction Inventory Inventory Listing Construction Listing Glossary WELCOME TO NIC MAP This is the 3Q1 Inventory and Construction SAMPLE Report of the quarterly census of REPORT seniors housing and nursing care properties within the 1 largest MSAs in the U.S. The data reported by NIC MAP includes more than 1,6, units and beds in properties that generally have at least 25 units or beds and are market rate. While the overall data are highly representative of actual results, certain cross tabulations may provide small response sizes which are highly sensitive to extreme measures of lower and upper magnitudes and prudence should be exercised regarding those measures. If you have any suggestions on how to improve this data service, contact Michael Hargrave, Vice President-NIC MAP, at or by at MHARGRAVE@nic.org. NOTE: Data are subject to historical correction and updating. Data published during the current quarter represent the most accurate data available. Dissemination of this report in whole or part outside of the company that holds the license is strictly prohibited. Any such dissemination or other inappropriate use may result in license termination. Any questions on proper use should be directed to Michael Hargrave at MHARGRAVE@nic.org or Cover photographs courtesy of: Brookdale Senior Living Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1 2

3 MAJORITY IL CONSTRUCTION BY PROPERTY TYPE CCRC Includes all units/beds in properties under construction with a majority of independent living service units, including CCRCs. MAJORITY AL 2. Data included are formed from subsets of majority il, majority al, and majority nc property types. These data are broken out for your convenience. MAJORITY NC 3. Includes all units/beds in properties under construction with a majority of assisted living service or memory care service units, including CCRCs.. Includes all units/beds in properties under construction with a majority of nursing care service beds, including CCRCs. Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1 3

4 INVENTORY DISTRIBUTION BY AGE 1 <2 2<1 1<17 17<25 >=25 Majority IL.% 35.1% 5.6% 13.2% 6.% Majority AL 7.1% 18.2% 67.3% 7.%.% Majority NC.% 23.3% 29.6% 1.% 32.7% 1. Only includes properties reporting the year opened. INVENTORY Total 1.% 1.% 1.% PROPERTY TYPE MIX UNIT MIX 2 CCRCs Majority IL al EF Majority AL Studio 31.3%.6% 2.% 7.3% 1 BR 9.2% 21.7% 37.8% 2.8% 2 BR 19.2% 37.8% 35.%.9% 3 BR+.3%.% 2.%.1% Total 1.% 1.% 1.% 1.% 2. Only includes data for properties reporting SAMPLE unit mix. REPORT 3 SELECTED SUBMARKET INVENTORY Clark Seniors Housing Inventory 3,13 Property Count 28 Penetration 6.7% Majority IL Inventory 2,29 Property Count Construction vs. Inventory.% Penetration.% Majority AL Inventory 1,38 Property Count 16 Construction vs. Inventory 6.5% Penetration 2.7% Majority NC Inventory 3,33 Property Count 19 Construction vs. Inventory.% Penetration 6.5% 3. Submarket counts or values may not necessarily add up to the MSA total because only selected submarkets are shown. MSA 3, % 2,29.%.% 1, % 2.7% 3,33 19.% 6.5% Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1

5 INVENTORY LISTING Property Name Address Phone Number Year Open Majority IL Primary Payment Primary Contract Corporate Owner Studio 1 BR IL Units 2 BR 3 BR Studio AL/MC Units 1 BR 2 BR 3 BR NC Bed s Total Acacia Springs 863 W Nevso Dr Las Vegas, NV 8916 (72) BPM Senior Living Destination at Eastern 33 South Eastern Avenue Las Vegas, NV (72) Orion/Starwood Destinations at Oakey 39 West Oakley Blvd Las Vegas, NV 89 (72) Pinnacle Health Care Services Destinations at Valley View 16 South Valley View Rd. Las Vegas, NV 891 (72) None Grand Court Las Vegas 665 West Flamingo Road Las Vegas, NV 8913 (72) Brookdale Senior Living Communities, Inc Heritage Club Las Vegas 872 W Flamingo Road Las Vegas, NV 8917 (72) BPM Senior Living Las Ventanas 11 West Charleston Blvd Las Vegas, NV (72) EF Greystone Communities, Inc Montara Meadows 315 East Tropicana Avenue Las Vegas, NV 891 (72) Holiday Retirement Corp./Colson & Colson Oak Hill Senior Living 255 Spencer Street Las Vegas, NV (72) Seniority, Inc Sunlake 325 South Fort Apache Road Las Vegas, NV 8911 (72) Atria Retirement and Assisted Living Sutton 3185 East Flamingo Road Las Vegas, NV 891 (72) Atria Retirement and Assisted Living The Palms at Sienna 291 West Horizon Ridge Parkway Henderson, NV 89 (72) Majority AL Aegis of Las Vegas 91 West Desert Inn Road Las Vegas, NV (72) Aegis Living Chancellor Gardens of the Lakes 262 Lake Sahara Drive Las Vegas, NV (72) Senior Management Services of America Inc Emeritus at Las Vegas 325 E Russell Road Las Vegas, NV 89 (72) Emeritus Assisted Living Henderson, Sunrise of 1555 W Horizon Pkwy Henderson, NV 89 (73) Sunrise Senior Living Margaret Rose Care Center 1 S 1th Street Las Vegas, NV 8911 (72) Glen Amadoor Merrill Gardens at Green Valley Ranch Prestige Assisted Living at Henderson Prestige at Mira Loma Regency Palms Assisted Living Seville The Bridge Assisted Living of Paradise Valley 1935 Paseo Verde Parkway Henderson, NV 89 (72) Merrill Gardens, L.L.C. 15 E Lake Mead Pkwy Henderson, NV 8915 (72) Prestige Care Inc 2 Wigwam Parkway Las Vegas, NV 8911 (72) Prestige Care Inc 3985 South Pearl Street Las Vegas, NV 891 (72) C BPM Senior Living 2 North Rampart Blvd Las Vegas, NV 898 (72) Atria Retirement and Assisted Living East Harmon Avenue Las Vegas, NV (72) Preston Family, The The Cottages of Green Valley 262 Robindale Road Henderson, NV 897 (72) Individual The Homestead of Boulder City Inc 11 Medical Park Drive Boulder City, NV 895 (72) Volunteers Of America Care Facilities Waterfield Memory Care Community 888 West Tropicana Avenue Las Vegas, NV 8917 (72) Sunwest Management Inc Willow Creek at Buffalo 389 North Buffalo Las Vegas, NV 899 (72) Don Herman Construction Willow Creek at San Martin 837 Capovilla Ave Las Vegas, NV (72) Don Herman Construction 1 1 Majority NC Delmar Gardens of Green Valley 1 Delmar Gardens Drive Henderson, NV 891 (72) Delmar Gardens Enterprises Inc Desert Lane Care Center 66 Desert Lane Las Vegas, NV 8916 (72) Fundamental Eljen Convalescent Hospital 5538 W Duncan Drive Las Vegas, NV 8913 (72) El Jen Healthcare Center Henderson Healthcare Center 118 E Lake Mead Drive Henderson, NV 8915 (72) Fundamental Highland Manor - Mesquite 272 Pioneer Blvd Mesquite, NV 8927 (72) Rfms 1 1 Las Vegas Healthcare and Rehabilitation Center 2832 S Maryland Parkway Las Vegas, NV 8919 (72) Kindred Healthcare Life Care Center of Las Vegas 6151 Vegas Drive Las Vegas, NV 8918 (72) Life Care Centers Of America Manor Health Care Center 851 Del Webb Blvd Las Vegas, NV 8913 (72) Tutera Corporation Mission Pines Nursing & Rehab 286 E Cheyenne North Las Vegas, NV 893 (72) Preferred Care Partnership Mountainview Care Center At Boulder City 61 Adams Blvd Boulder City, NV 895 (72) Fundamental Nevada State Veterans Home - Boulder City 1 Veterans Memorial Drive Boulder City, NV 895 (72) Nevada State Nevada Veteran''s Nursing Home 1 Veterans Memorial Dr Boulder City, NV 895 Unavailable 22 State of Nevada North Las Vegas Care Center 3215 E Cheyenne Ave North Las Vegas, NV 893 (72) Fundamental Silver Hills Health Care Center 35 N Buffalo Drive Las Vegas, NV 899 (72) Covenant Care St. Joseph's Transitional Rehab Center 235 W Charleston Blvd Las Vegas, NV 89 (72) Pleasant Care Corp 1 1 The Heights of Summerlin 155 Park Run Drive Las Vegas, NV 891 (72) Skilled Healthcare Group The Plaza at Sun Mountain 631 West Cheyenne Ave Las Vegas, NV 8918 (72) Emeritus Assisted Living TLC Care Home 15 W. Warmsprings Rd Henderson, NV 891 (72) TLC Management Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1 5

6 INVENTORY LISTING Torrey Pines Care Center Property Name Address 171 S Torrey Pines Drive Las Vegas, NV 8916 Phone Number (72)871-5 Year Open 1965 Primary Payment Primary Contract Kindred Healthcare Corporate Owner Studio IL Units 1 BR 2 BR 3 BR Studio AL/MC Units 1 BR 2 BR 3 BR NC Bed s 95 Total 95 Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1 6

7 CONSTRUCTION LISTING Property Name Silver Sky at Deer Springs Assisted Living Address 671 North Decatur Blvd Las Vegas, NV 8913 Submarket Property Majority AL Clark FreeStanding Construction New Payment Corporate Owner IL Units AL Units 9 NC Beds Anticipated Open Date 1/1/211 Copyright 21 NIC MAP Data & Analysis Service Las Vegas, NV NIC MAP Inventory and Construction Report - 3Q1 7

8 GLOSSARY CAMPUS TYPE The arrangement of the units and/or buildings of the property. Combined Campus A property offering at least two types of service and where IL and NC are not jointly offered, e.g. a combined AL and NC property. CCRCs Continuing Care Retirement Communities (CCRCs) must include IL units and NC beds, but usually offer AL and MC as well. There are two payment types tracked by MAP for these properties, rental and entrance fee. Properties with a multi-year development schedule that will add nursing care services in the future are classified as CCRCs, even though they may only offer IL services at present. Free-standing Campus A property offering a single type of service, e.g. exclusively independent living services only. Construction vs. Inventory (%) The number of units/beds under construction divided by the number of units/beds currently in the market. CONTRACT TYPE A contract between an independent living resident and a property guaranteeing a care structure if additional care is needed as well as future payments for the increased level of care. A A contract, between an independent living resident and a property that offers a continuum of care, that covers long-term care (assisted living or nursing care) without any substantial increase in the residents monthly payments. B A modified contract, between an independent living resident and a property that offers a continuum of care, that covers a specified amount of long-term care (assisted living or nursing care) during a set period of time without a substantial increase in residents monthly payments, or at a discounted rate indefinitely. C A fee-for-service contract, between an independent living resident and a property that offers a continuum of care. If such care is needed, it is paid at the daily rate. D A rental contract between an independent living resident and a property, that offers no guaranteed access to health care services. There is no entrance fee, and monthly fees cover the cost of maintaining the unit. Current Construction (units/beds) SAMPLE The amount of units/beds that are REPORT under construction in the current quarter. Units and beds are treated as equals. Inventory (units/beds) The sum of the current number of units/beds, where one IL, AL or MC units is equivalent to one NC bed. Metropolitan Statistical Area (Metro Market) A geographic area defined by the U.S. Census Bureau that encompasses the territory in and around a major city, which with its economically-related areas has population of at least 5, persons. PAYMENT TYPE The payment plan by which residence and services are paid for. Entrance Fee (EF) al Penetration (%) PROPERTY TYPE Seniors Housing (SH) Majority Independent Living (IL) A property that charges a lump sum amount of money paid by a resident at the beginning of their stay that provides the right to occupy the residence. Properties generally charge at least $2, for this lump sum payment. This type of property generally charges a monthly fee in addition. A property that charges the residents for their residence and services primarily on a lease basis. The number of units/beds divided by the number of households, generally the number of age 75+ households, unless otherwise noted. The building or buildings and grounds that house the residents, and common areas shared by the residents. Properties included in the NIC MAP database generally include at least 25 units/beds and are market rate. Properties are listed as majority independent living, majority assisted living, or majority nursing care. An aggregated property category containing properties with a majority of independent living units and also properties with a majority of assisted living units. A property which has a majority of independent living service units. This can include freestanding IL, IL/AL combination, IL/AL/MC combination, IL/MC combination, and CCRCs. IL properties typically include services such as communal dining, housekeeping, transportation, emergency call and social programming services in the monthly fee. Copyright 21 NIC MAP Data & Analysis Service NIC MAP Inventory and Construction Report - 3Q1 8

9 Majority Assisted Living (AL) Majority Nursing Care (NC) UNIT TYPE Independent Living Units Assisted Living Units Memory Care Units (MC) Nursing Care Beds GLOSSARY A property which has a majority of assisted living or memory care service units. This can include freestanding AL, freestanding MC, AL/MC combination, IL/AL combination, IL/MC combination, IL/AL/MC combination, AL/NC combination, MC/NC combination, and CCRCs. Residents receive personal care services such as assistance with bathing, dressing, eating, walking and toileting. Twenty-four hour protective oversight is provided, but twenty-four hour medical care is not. The assisted living properties included in NIC MAP are only those market rate properties where 8 percent or more of the residents are 55 years or older. A property which has a majority of nursing beds, where one nursing bed is treated in MAP as equivalent to one unit. This can include freestanding NC, AL/NC combinations, AL/MC/NC combinations, and CCRCs. A majority NC property is generally a licensed long-term health care and residential property that serves persons who require constant medical supervision and/or who require significant physical assistance in transferring, management of continence and use of medical devices. The NIC MAP database does not include properties that are limited to sub acute, properties limited to inpatient based, properties that are hospital based, or properties predominantly rehabilitation facilities where people come for short-term stays for nursing care. Levels of care and services provided by the property. This can also be referred to as segment or service type units/beds. One unit of IL, AL or MC is equivalent to one NC bed. The part or section of the property that provides independent living services. The part or section of the property that provides assisted living services, not including memory care services. The part or section of the property that provides services to persons with Alzheimer s disease or other form of dementia. These are generally separate or secured areas, with specific programming for persons with memory impairment in addition to services provided for persons in assisted living. The part or section of a property that only provides nursing care services. Copyright 21 NIC MAP Data & Analysis Service NIC MAP Inventory and Construction Report - 3Q1 9