Despite several recent reports of Chapter 11 bankruptcy filings among continuing care retirement communities (CCRCs) in the past week, there is no cause to raise the alarm for a sector-wide concern, according to Fitch Ratings. Within the last week, two CCRCs in Indiana and New York both announced Ch.11 filings, each citing various pressures brought […]
River Terrace Estates
An Indiana continuing care retirement community (CCRC) with $14 million of outstanding debt is leaning on Chapter 11 bankruptcy protection as well as a new fee model for independent living residents to help meet the community’s financial obligations. River Terrace Estates, a CCRC located in Bluffton, Ind., on Tuesday filed for Ch. 11 in the […]
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