In the quest to find a halfway point between a continuing care retirement community and single family senior living, a Northern California development is working to bridge the gap in its latest senior housing construction. The $21 million project in the works by Alameda Elder Communities will feature 41 co-operative units for people ages 60 and […]
Category: CCRCs
Benchmark Senior Living has received approval to acquire senior living community the Groves of Lincoln for a sum of up to $35 million, following the community’s default on more than $88 million of tax-exempt bonds. Plans to expand upon the existing campus would effectively turn the property into a Continuing Care Retirement Community, the second […]
Following the housing bubble and subsequent burst, the senior housing industry is facing an ongoing phase of consolidation, with many, many more deals on the way that will come in response to the post-boom era. For many non-profit organizations, it means consolidation ahead, but perhaps not in the traditional form. Many will opt to affiliate […]
While “going gluten free” is a nationwide trend that involves as many as 30% of American adults, according to the latest count from NPD Group, some senior living providers are shifting food services to accommodate those who suffer from Celiac Disease, an autoimmune response to gluten. Sun City, Arizona continuing care retirement community Grandview Terrace […]
Assisted Living News From the Times-News (Ida.)—Assisted Living Concepts Community Regains License, Opens Doors “A year after Chaparelle House closed its doors, the assisted living facility received its license back and is reopening. In April 2012, the Idaho Department of Health and Welfare revoked the license for the Twin Falls assisted living facility, which forced 18 […]
Thanks to the Great Recession’s impact on seniors’ net worth, some expect rental continuing care retirement communities (CCRCs) to gain market share in the next few years while others contend the diversity of the baby boomer generation will support the near-term viability of the entry fee model as well. “Both will continue to have their places […]
The housing market crash along with the worst economic downturn since the Great Depression has reshaped the way continuing care retirement communities (CCRC) are conceived, developed and operated. While the downturn proved too much for some projects to handle, the market has largely performed well over time, those active in the market say. “The challenged […]
National Church Residences has completed the sale of $52,405,000 in bonds and invested another $10 million to allow First Community Village, a continuing care retirement community it sponsors, to emerge from Chapter 11 bankruptcy, the not-for-profit announced last week. The bond proceeds will also be used to fund the construction of more manor homes along […]
The climbing costs of long-term care insurance have aging families considering continuing-care retirement communities (CCRCs) to spend their aging years. While the entrance costs of CCRCs are steep, typically $280,000, according to the National Investment Center for Seniors Housing and Care Industry, the amenities provided by these communities might be worth it in the long […]
A Virginia continuing care retirement community announced Tuesday it will file for Chapter 11 bankruptcy protection in order to restructure its debt, resulting in millions of dollars of losses to lenders and investors. The WindsorMeade of Williamsburg, sponsored by Virginia United Methodist Homes, is the latest in a number of CCRCs that launched during the […]
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