Mather LifeWays Bets on Smart Home Tech in $460 Million High-Rise Community

There’s already demand for Mather LifeWays’ newest high-rise project—and it will prominently feature smart-home technology. “We’ve already received three priority deposits—and the first depositor desires two units on the top floor of the first tower,” Mather LifeWays President and CEO Mary Leary told Senior Housing News of the planned $460 million life plan community opening in […]

CCRC Executive Directors See 4% Pay Bump Year-Over-Year

Executive directors of continuing care retirement communities (CCRCs) again saw the largest pay raise among their salaried coworkers in the last year. The national average salary for a CCRC or life plan community executive director is currently $166,402, an increase of roughly 4% over 2017’s average executive director salary of $159,898, according to the latest edition of the […]

CCRC Commits $500,000 to Launch Institute on Aging

A nonprofit continuing care retirement community (CCRC) is hoping to soon provide services to the approximately 60,000 local seniors who live outside of its walls, through a new Institute on Aging. Saint John’s on the Lake in Milwaukee, Wisconsin, is establishing the institute, spurred by an initial commitment of $500,000 from the Saint John’s Foundation. The goal of […]

Kendal Corp. Expands ‘At Home’ Program Under New Strategic Plan

As part of a recently devised strategic plan, Kendal at Home is starting to become more integrated into the continuing care retirement communities (CCRCs) of Kendal Corp., one of the largest non-profit senior housing operators in the nation. Founded in 2003, Kendal at Home was an early example of a “CCRC Without Walls” program, in […]

Greystone CEO: CCRCs Have Solid Future, But Pricing Will Change

There’s been some uncertainty about the future of continuing care retirement communities (CCRCs)—whether they will appeal to the next generation of seniors, or whether their pricing model will deter those potential residents. In reality, though, CCRCs are likely here to stay, Greystone Communities co-CEO John Spooner told Senior Housing News. Irving, Texas-based Greystone is a management consulting […]

Only 22% of CCRCs in the U.S. are For-Profit

Most continuing care retirement communities (CCRCs) in the United States continue to be not-for-profit, though for-profit CCRCs are more likely to be part of a multi-site organization, according to a new analysis from Chicago-based specialty investment bank Ziegler. Ziegler is currently tracking 1,955 CCRCs across the country. The majority—78%—of CCRCs in the U.S. are sponsored by […]

$170 Million CCRC Planned Near University of Central Florida

A large university in Florida hopes to foster ties between seniors and students by affiliating with a continuing care retirement community (CCRC) set to open near its campus. If all goes according to plan, workers will break ground in July, 2019, on Legacy Pointe at UCF, a 296-unit community located near the University of Central Florida […]

TV Pilot Showcases California CCRC to Combat Aging Perceptions

For about a week earlier this year, the University Village Thousand Oaks senior living community in Thousand, Oaks, California, had a sign out front that read “Las Esperanzado.” But the name change wasn’t the result of a hasty rebranding exercise. Instead, the continuing care retirement community (CCRC)’s new sign was a set piece for a television […]

CCRC to Pay Full-Time for 30 Hours of Work for CNAs

A continuing care retirement community (CCRC) in Virginia is hoping to beat the senior living labor crunch with a new program that lets certified nursing assistants (CNAs) work 30 hours a week while getting paid for 40. The Glebe, a 218-unit LifeSpire of Virginia community in Daleville, Virginia, is targeting May 4 to officially implement its […]