In the 1970s and 80s, when they first emerged in large numbers, the Continuing Care Retirement Community (CCRC) product was the most progressive vehicle for caring for older adults as they aged. Residents entered CCRCs able-bodied and independent knowing they could move through the CCRC’s various levels of care—assisted living, memory care, and skilled nursing—as […]
Category: CCRCs
With the median age rising for entrants into the independent living portion of many continuing care retirement communities (CCRCs), providers are looking for ways to position their communities to attract younger incoming residents. Positioning communities to attract younger residents boils down to targeting a larger market space, and this can encompass a variety of methods: […]
Real estate investment services firm Marcus & Millichap recently brokered a short-term lease with an option to purchase of a Ventura, Ca. continuing care retirement community. The CCRC is located on 12 acres of land and features 89 cottages and a seven story, 242-unit tower that offers both independent and licensed assisted living care. The […]
With the concept of retirement changing drastically for the upcoming generation of retirees, there’s less of a push for the nation’s baby boomers to enter segregated senior living communities and more of an urge to remain in their own homes and communities, reveal studies about attitudes toward retirement and where to live in old age. […]
There’s no national definition of what constitutes a continuing care retirement community (CCRC), and just as what a CCRC looks like varies widely from state to state (or even community to community), there’s no uniform rule about entrance fee refunds across the nation for CCRC providers, finds a recent Ziegler report. But although most states […]
The handful of continuing care retirement communities (CCRCs) that have struggled financially or even declared bankruptcy aren’t an indication of the entire sector, many of which have been able to “weather the ‘perfect storm’ of economic collapse in 2008,” according to a recent article in the March/April 2012 LeadingAge magazine. The article highlights three LeadingAge […]
Kentucky lawmakers recently passed a piece of legislation allowing continuing care retirement communities (CCRCs) in the state to provide home health services. House Bill 388 permits the services, amends KRS 216B.020 to exempt CCRCs providing these services from requiring a certificate of need, and repeals KRS 216B.335, a limitation on establishing nursing home beds. The […]
After seeing that Senior Care Development, LLC had placed a stalking-horse bid on the bankrupt Clare at Water Tower, in Chicago’s Gold Coast, Senior Housing News tracked down its chief executive officer David Reis for an exclusive interview. Reis has extensive experience in senior living development, and specializes in ground-up development of large-scale continuing care […]
The changing demographics of those entering senior living communities, including older and frailer incoming residents, can have certain implications for senior living communities’ business and financial models, but offering incentives to younger prospective residents can help communities counteract aging-in-place trends. While some continuing care retirement communities (CCRCs) and other senior living models are being noticeably […]
If Senior Care Development LLC’s $86 million bid on a bankrupt Chicago continuing care retirement community goes through, holders of $229 million of debt for the distressed property will recoup just pennies on the dollar, according to The Bond Buyer, a “catastrophically bad recovery rate” that’s tied to its current business model. A hearing is […]
Subscribe
Receive industry updates and breaking news from SHN