News
September 2010 – Westbridge Group Valuation Partner is pleased to announce the hiring of Charlotte Ciok AACI, P.App. Charlotte has over 25 years experience in the real estate industry, and for the past three years has developed a growing specialization in the valuation of seniors housing and health care facilities. Her strong interest in this field makes her a great addition to our firm. She will be working closely with Rita and Steve.
Sales Activity in British Columbia (Total Dollar Volume of Sales in BC by Year)
Excludes sales of BC components in portfolio transactions relating to Holiday Retirement Corp. and Sunrise REIT.
2003 – $117,365,000
2004 – $132,540,000
2005 – $190,105,000
2006 – $112,625,000
2007 – $83,390,000
2008 – $200,000,000 (transactions completed and in progress)
Did you know?
- That most recently constructed congregate and assisted living retirement residences have about 300 square feet of common area per suite.
- That BC has 5 different Health Authorities and that each uses different standards, variations of contracts, performance measures and funding formulas.
- That it is not unusual to find that the average age of residents in a campus of care is higher in the congregate/assisted living component than it is in the licensed care component.
- That the number of second occupants in congregate and assisted living retirement residences is declining.
- That missing one RN FTE in a staffing calculation can result in a $1 million over-statement of value.
