IRR Senior Housing Experts Pen Landmark Textbook on Valuing Healthcare Properties
Feb 20, 2024
IRR's Healthcare & Senior Housing Practice Group Leaders Author Appraisal Institute’s Latest Textbook
on the Valuation of Healthcare Properties
Renowned Senior Housing Experts from Integra Realty Resources Deliver Comprehensive Insights in "
The Appraisal of Senior Housing, Nursing Home, and Hospital Properties”

DENVER, CO — (February 20, 2024) — Integra Realty Resources (IRR), one of North America’s largest independent commercial real estate valuation and consulting firms, has today announced a significant contribution to the field of real estate appraisal. Leaders from IRR’s Healthcare & Senior Housing Practice Group have authored the Appraisal Institute's newest publication, "The Appraisal of Senior Housing, Nursing Home, and Hospital Properties." This essential textbook emerges as a must-read for anyone involved in the healthcare property sector, providing a comprehensive guide to the complexities of appraising these unique types of properties.
"As authors, our aim was to craft a guide that not only delves into the complexities of appraising these types of properties but also serves as a beacon for those navigating the evolving landscape of healthcare real estate,” said James K. Tellatin, MAI, co-author and National Practice Leader of IRR’s Healthcare & Senior Housing Practice Group. “This publication represents the pinnacle of our shared expertise, encapsulating nearly a century of combined experience to provide a thorough toolkit for appraisers, investors, and industry professionals dedicated to navigating and excelling within this vital sector.”
In addition to Tellatin, who brings more than 40 years of specialized experience in healthcare and senior housing valuation, the book’s authors include the following leaders from IRR’s Healthcare & Senior Housing Practice Group: Victor D. Cremeens, MAI, Managing Director, who brings two decades of dedicated expertise in healthcare and senior housing appraisals; Bradley J. Schopp, MAI, Managing Director, who adds his two decades of experience in valuing over $8.5 billion in seniors housing and healthcare assets across 37 states; and Crosby Taggart, Senior Analyst, who provides in-depth analytical proficiency in healthcare and senior housing.
Published by the Appraisal Institute, the leading professional association of real estate appraisers, this book meticulously covers traditional approaches to value, detailed analysis of Medicare and Medicaid programs' influence, and focuses on the valuation of the going concern. It includes techniques for allocating value among real property, personal property, and intangible assets, and explores specialized topics such as leased fee and leasehold interests, and life plan communities. The 442-page book is available in both print and PDF formats from the Appraisal Institute Bookstore (ISBN: 9781935328926).
IRR’s Healthcare & Senior Housing Practice, with its expansive national footprint, leverages the expertise of regional valuation specialists across more than 50 local offices. This practice is dedicated to delivering top-tier appraisal, market analysis, and consulting services for a diverse range of healthcare and senior housing properties—spanning hospitals, skilled nursing facilities, assisted living and independent living facilities, to Continuing Care Retirement Communities (CCRCs). Demonstrating unparalleled industry leadership, IRR has successfully executed over 3,600 assignments in the past two years alone, specializing in a variety of properties such as senior housing, hospitals, and other healthcare facilities, and serving a broad spectrum of clients including developers, owner-operators, and various lenders, with projects amassing over $18 billion in asset value.