Hemiepiphytic plants grow for part of their life as true epiphytes, then become terrestrial through the production of aerial roots that grow from the canopy to the ground. Long-term measurement of growth, dieback and mortality of aerial roots of hemiepiphytic plants in a lower montane moist tropical forest in western Panama was used to elucidate life-history strategies of hemiepiphytes from two families. The fates of 156 aerial roots of five species of Clusiaceae and Araceae were followed for 10 mo. Some roots were cut to experimentally study the effect of injury on resprouting and survival. Aerial roots of Araceae grew more than twice as fast as those of Clusiaceae but had a much greater mortality rate. Roots of both families grew much faster during the wet than dry season. Even for the fastest growing roots, growth and survival models suggest that only 18% of Araceae roots were likely to survive long enough to reach the ground from a branch 10 m high, whereas 87% of roots of Clusiaceae were likely to do so. This suggests that only those Araceae hemiepiphytes that produce a large number of aerial roots or are located close to the ground are likely to reach the soil.