Audio Q&A: PDPM Increases Challenges in Senior Housing Appraisals
By Matt Maison
October 23, 2019

Listen to the below Arbor Realty Trust interview. Michael Baldwin, MAI, ASA, the founder and president of OHC Advisors, explains what the shift in the governmental payment system to the Patient Driven Payment Model (PDPM) means for appraisals. Baldwin also emphasizes that senior healthcare and housing values depend on both the real estate and the operators. Appraisals will require back data to fully evaluate the change. Baldwin notes with senior housing, the riskier the cashflow, the higher the cap rates and gives other pointers for investors.