Professional Market Analysts For Senior Housing
Haddock & Associates, Inc. is a consultant group specializing in assisted living and senior housing development. Our services include market research, development consulting, finance, design and others.
We are well-known for our services in senior housing, particularly for our work in the assisted living/memory care development segment. We have been actively promoting alternative housing for the elderly since the mid-1980s. We helped develop the housing models that became known as “assisted living” including accompanying legislative rules and regulations to promote the safety and welfare of the aged, including ethical standards of care.
Market Specialists In Senior Housing Segment
Our Principal, Glen Haddock, was formerly a senior engineer with the national consulting firm of Alexander Proudfoot. This company has had vast experience in bringing profitability to a large number of national and international businesses. Additionally, Glen has operated 3 senior living facilities of his own and has operated an elderly care referral business for some 32 years giving him a deep understanding of what the frail elderly are looking for and how to meet their needs.
Our experience with evaluating senior housing markets across the country professionally began in 1992 and over the years has spanned more than 145 cities (larger markets multiple times), 38 states and 5 foreign countries (Greece, Mexico, Canada, Kuwait and India). We analyze market numbers, trends, needs, financial abilities and competitive services to determine the strength of demand for the various senior housing components. We measure the probability for success for a particular project in a particular location.
Our clients have included HUD, banks, developers, mortgage companies, investors, Indian tribes, hospitals, municipalities, universities, and medical schools. Our studies have encompassed Independent Living, Assisted Living, Memory Care, Nursing Homes, CCRC’s and Adult Day Care.
Development of Project
From market study and proposed plans, we form an opinion of how many units (rooms) the market could support, room sizes, mix, common area and thereby size of the building along with services and amenities that should be offered. We suggest opening rates and project a cash flow pro forma to indicate the expected fill-up (absorption) rate, operational expenses, and net operating income.
We consult with architects to ensure the design promotes best flow of staffing, handicapped access, and market appeal.
Because of our extensive experience in the industry, we know those who are successful in various aspects of the development of senior housing and we can introduce these asset resources to our clients. Call us to commission a market analysis report and get access our extensive knowledge and experience in senior housing development.