The general operating environment for nonprofit continuing care retirement communities / life plan communities looks like it should remain stable in 2021, according to commentary released Wednesday by...
Flipping mindset to focus on the future will help CCRCs thrive post-pandemic: speakers
By
Amy Novotney
Nov 19, 2020
One of the biggest outcomes of the pandemic on the life plan / continuing care retirement community sector has been giant leaps made in recognizing the importance of connectivity within the lives of older...
Nonprofit life plan community median rating remains at ‘BBB,’ though effects of COVID-19 still to...
By
Amy Novotney
Sep 02, 2020
The median rating for nonprofit life plan communities remains at ‘BBB,’ according to a report Tuesday from Fitch Ratings. However, this latest report only captures the first quarter of the year, the...
Seattle life plan community shifts from communal dining to food court model
By
Amy Novotney
Aug 21, 2020
When the COVID-19 pandemic began, Seattle-based nonprofit life plan community Bayview — like many other seniors housing operators — quickly went from vibrant hustling and bustling dining rooms...
Defaulted hotel deals show potential for CCRC conversions: senior living experts
By
Amy Novotney
Jul 24, 2020
Amid the fallout from the pandemic, the seniors housing industry may find new development opportunities in defaulted hotel deals, according to panelists Thursday during an Urban Land Institute webinar.
Illinois CCRC rejects bondholders’ bankruptcy reorganization plan
By
Amy Novotney
Jun 15, 2020
Bartlett, IL-based Clare Oaks said it plans to honor contractual obligations to its 225 residents, guaranteeing refunds for 90% of the entrance fees, an agreement that is typical of continuing care retirement...
Seniors housing municipal bonds under distress due to COVID-19 costs
By
Amy Novotney
May 29, 2020
The coronavirus is pushing more continuing care retirement communities into financial upheaval and putting pressure on the municipal bonds that financed them, according to an article Wednesday in Bloomberg...
Fitch lowers life plan community sector outlook to negative, but no all-encompassing rating action
By
Amy Novotney
May 27, 2020
Fitch Ratings has revised its outlook on life plan communities to negative last week, reflecting the rating agency’s concern that many of COVID’s risks still lie ahead.