Increasingly, retirees are looking at alternative accommodation models to the traditional retirement village. Hence the popularity and the corporatisation of the Land Lease Communities (‘LLC’) sector (formerly Manufactured Housing Estates – MHE) has risen significantly in recent years.
As a result, assessing and valuing the sector has some particular nuances. The Land Lease Community Rating System (LLCRS) creates a simple but effective view of a Community and allows a comprehensive understanding of how it should perform in the market compared with its competition.
Utilising the LLCRS ensures a consistent approach and provides a nexus between the analysis of market transactions and the application of appropriate valuation methods.