Category: CCRCs

Florida CCRC Survives Bankruptcy Scare, Restructures Debt

A Florida continuing care retirement community has emerged from Chapter 11 bankruptcy after successfully restructuring about $62 million of debt.  The Jacksonville-area CCRC, sponsored by not-for-profit organization Life Care St. Johns d/b/a Glenmoor, entered a formal restructuring process in early July 2013, with its plan receiving near-unanimous approval by all parties involved. At the time… Read More »

In the Pipeline: Senior Housing Construction Projects (4/17/14)

Construction: Planned Validus Senior Living to Break Ground on New Florida Assisted Living Project Tampa, Florida provider Validus Senior Living will team with a local developer to create a combined assisted living and memory care community that the company says will feature innovative programming and life-enhancing technology. Validus anticipates breaking ground on the new InspiredLiving… Read More »

New CCRC Residents Don’t Regret the Move, New Research Shows

People who decide to move into a continuing care retirement community typically don’t regret their decision and report higher satisfaction levels down the road compared to counterparts who opted not to move into a CCRC, new research finds. Two studies jointly funded by LCS and Brookdale Senior Living researched why some people choose not to… Read More »

In the Pipeline: Senior Housing Construction Projects (4/10/14)

Construction: Planned Smith/Packett Planning 102-unit Assisted Living Project in Virginia Senior housing developer Smith/Packett has plans to build a 102-unit assisted living community in Tabb, Virginia, reports Williamsburg Yorktown Daily. An application for the project submitted by Smith/Packett outlines a two-story building totaling about 90,000-square-feet, including amenities such as activity rooms, a commercial kitchen, dining room,… Read More »

Buckner International To Build $108 Million Dallas CCRC

Buckner International, a global developer of housing including senior living communities, announced it has plans for its next faith-based senior housing development: Ventana by Buckner in North Dallas. The CCRC is projected to cost roughly $108 million and is expected to be developed over the next four years, targeting completion in 2018. Buckner International plans… Read More »

In the Pipeline: Senior Housing Construction Projects (4/3/14)

Construction: Planned Developer Dives into Senior Living Market with $15 Million Project  Kansas City, Missouri-based development firm Lane 4 Property Group is entering the senior living business, partnering with Tetrad Property Group of Omaha, Nebraska, to develop a $15 million independent living project, Kansas City Business Journal reports. The 101-unit independent living facility will be… Read More »

CCRC Sees Future as Angie's List of Senior Living

CCRC Sees Future as Angie’s List of Senior Living

For years, continuing care retirement communities (CCRCs) have attracted residents based on the services and amenities they offer within their campuses. But for one organization, the overwhelming adoption of a program offered specifically to seniors living outside one of its California communities has led it to rethink the future of its business model. Carmichael, California-based… Read More »

New Jersey CCRC to Launch $97 Million Expansion For Household Model

An existing New Jersey non-profit CCRC is pursuing nearly $100 million in financing for a renovation and expansion that will focus on repurposing its units to a household model of care.  Fellowship Senior Living in Basking Ridge, New Jersey, about 35 miles from New York City, has reportedly selected RBS Citizens Bank to lead a… Read More »

In the Pipeline: Senior Housing Construction Projects (3/27/14)

Construction: Planned Dayton, Ohio Senior Living Proposal Represents $60 Million Investment A plot of undeveloped land is presenting a $60 million investment opportunity for a planned senior living community in the Dayton, Ohio metro area, reports Dayton Daily News. A 65-acre tract of land could be the site of a new senior living community in… Read More »

CMS: CCRCs Count as Community-Based Care Settings

In updating guidance from a final rule published in January, the Centers for Medicare & Medicaid Services rule that continuing care retirement communities (CCRCs) do count as community-based care settings. Unlike more institutionalized settings such as nursing homes, CCRCs do not raise the same concerns regarding isolation, particularly since CCRCs “typically include residents who live… Read More »

NY Times: Legal Rights for CCRC Residents Vary by State

Recent mainstream media coverage of lawsuits against continuing care retirement communities (CCRCs) may be the result of residents’ limited legal rights that vary from state to state, suggest a New York Times blog. Since CCRCs are regulated at the state level, there is no consistency as to what residents’ rights are from state to state,… Read More »