Will CCRCs See Billions More Lost in Bankruptcies?

With more defaults expected in the continuing care retirement community (CCRC) space among those financed with tax-exempt bond financing that opened around the time of the economic downturn, private equity investors are being presented with opportunities that could yield substantial returns. “There will be billions of dollars of defaults in that space in the next […]

Offering Options for CCRC Entrance Fee Refunds: Savvy, or Not So Much?

With the economic downturn and housing market decline, more continuing care retirement communities (CCRCs) are offering alternative entrance fee refund options to help attract prospective residents, but while many say it’s good business to do so, not all have adopted this practice. There’s a clear trend toward communities offering 50% and even 0% refund options […]

Four-Year Forecast for CCRCs: Cloudy With a Chance of Financial Distress

A few high-profile bankruptcies by continuing care retirement communities have made waves in the senior housing industry, and there’s more drama to come—for at least four more years, says a New York-based owner-developer of CCRCs who specializes in acquiring distressed assets. During Senior Housing News’ inaugural Senior Housing Summit, held last Thursday in Chicago, Ill., […]

When Restructuring Financially Distressed CCRCs, Go With Creativity—Not Bankruptcy

Multiple headlines in the not-too-distant past have trumpeted the struggles of some non-profit continuing care retirement communities (CCRCs) that are attributable—at least in part—to their financing structures, and there are bound to be more coming down the pike, those in the market say. But while bankruptcy has traditionally been the main option for these distressed […]

Pricing is King for CCRCs When Targeting Couples, Younger Census

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: […]