CCRC files for Chapter 11 for third time in 9 years
By
Kathleen Steele Gaivin
Apr 27, 2023
A continuing care retirement / life plan community on Long Island filed for bankruptcy protection last month for the third time in nine years in the Bankruptcy Court for the Eastern District of New York.
$215,000 disability discrimination complaint could have ‘broader ramifications’ on resident contracts,...
By
Kimberly Bonvissuto
Apr 12, 2023
A Pennsylvania continuing care retirement community agreed to a $215,000 Fair Housing Act settlement over allegations of disability discrimination, but the senior living owners and operators said that...
Headwinds may stall CCRC recovery, Fitch Ratings says
By
Kathleen Steele Gaivin
Jan 27, 2023
Although demand is high for continuing care life plan communities, some headwinds may stall total recovery for the sector, according to the experts at Fitch Ratings.
CCRC pivots with marketing during pandemic, now fully reserved 10 months before opening
By
Kathleen Steele Gaivin
Jan 26, 2023
Location and creative marketing are proving to be secrets to early success for The Baldwin, a continuing care retirement community under construction in Londonderry, NH. The community is fully reserved...
Lifespace Communities to fund up to $143.4 million in Edgemere’s restructuring plan
By
Kathleen Steele Gaivin
Dec 20, 2022
Lifespace Communities will fund up to $143.3 million of the restructuring plan for its Edgemere continuing care retirement community in Dallas, the company said Monday.
Expanding CCRCs bullish on assisted living, satellite campuses: Ziegler
By
Kathleen Steele Gaivin
Sep 27, 2022
More than half of continuing care retirement community chief financial officers attending the 25th Annual Ziegler Senior Living Finance + Strategy Conference said they plan to expand their communities...
Residents’ chronic conditions could push operators to integrate care, housing: study
By
Kimberly Bonvissuto
Lois A. Bowers
Sep 15, 2022
WASHINGTON, DC — US senior living residents average more than a dozen chronic conditions each, and many residents use high-cost healthcare services, suggesting ways that operators can integrate care...
Updated law expected to boost CCRC construction, expansions
By
Kathleen Steele Gaivin
Aug 15, 2022
An updated application and licensing process for continuing care retirement communities in South Carolina is expected to help drive more construction projects and create more housing for older adults in...
Record entry fee sales driving Healthpeak’s CCRCs in second quarter
By
Kimberly Bonvissuto
Aug 04, 2022
Healthpeak Properties’ continuing care retirement community segment is seeing unprecedented entry fee collections, according to executives speaking during the Denver company’s second-quarter earnings...
Life plan communities earn high marks from residents
By
Michele Holleran, Ph.D., MBA
Apr 14, 2022
Overall resident satisfaction scores went up significantly during the COVID-19 pandemic. Although this finding may seem counterintuitive, there are plausible reasons for the positive scores.