Continuing Care Retirement Community

Baby boomers bode well for CCRCs

Baby boomers bode well for CCRCs

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Continuing care retirement communities are expected to hold much appeal to baby boomers, and the good news is, the first wave of boomers will be entering the target age range for such communities within the next five years, notes a new report.

Dementia care managers in CCRCs see 2.75% bump in pay, survey says

Dementia care managers in CCRCs see 2.75% bump in pay, survey says

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Memory care unit managers in continuing care retirement communities, also known as life plan communities, saw an average pay increase of 2.75% in 2018, according to the "Continuing Care Retirement Community Salary & Benefits Report 2018-2019" issued by the Hospital & Healthcare Compensation Service.

Assisted living director pay tops $73,000 in CCRCs, survey finds

Assisted living director pay tops $73,000 in CCRCs, survey finds

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Pay for directors of assisted living/personal care who work in continuing care retirement communities averaged $73,938 in 2018, according to the "Continuing Care Retirement Community Salary & Benefits Report 2018-2019" issued by the Hospital & Healthcare Compensation Service.

CCaH programs growing in popularity

CCaH programs growing in popularity

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Continuing Care at Home programs, formerly called "CCRCs without walls," are growing in popularity as offerings by senior living and care providers, with more than 30 programs now available across 17 states, according to specialty bank Ziegler.

4 disruptors facing senior living operators

4 disruptors facing senior living operators

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Some senior living operators risk being overwhelmed by the pace of change in the industry, meaning that there is "tremendous potential for disruption," according to the authors of a new white paper from CliftonLarsonAllen.

More CCRCs part of larger systems now, Ziegler says

More CCRCs part of larger systems now, Ziegler says

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Life plan communities have become more likely to be part of larger systems and slightly less likely to be sponsored by a not-for-profit organization over the past several years, according to specialty investment bank Ziegler.

Watch for potential life plan community liabilities

Watch for potential life plan community liabilities

When you understand the evolution of generally accepted accounting principles to identify and record all potential liabilities, you should feel more confident in your contract and fee decisions.

NIC: 5 markets dominate CCRC construction

NIC: 5 markets dominate CCRC construction

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More than one-third of all continuing care retirement community unit construction was taking place in five markets as of the fourth quarter of 2017, according to Lana Peck, senior principal of the National Investment Center for Seniors Housing & Care.

CCRCs alone in occupancy increase this year, report says

CCRCs alone in occupancy increase this year, report says

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Continuing care retirement communities will be the only segment of senior living and long-term care to see increased occupancy in 2018, according to commercial real estate investment sales, financing, research and advisory services firm Marcus & Millichap.

SNH: Five Star initiatives will address CCRC challenges

SNH: Five Star initiatives will address CCRC challenges

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Weaker performance in skilled nursing operations at Five Star Senior Living CCRCs "heavily influenced" a decline in rent coverage in a Senior Housing Properties Trust portfolio, said the REIT's president and CEO, David Hegarty. Five Star is addressing the challenges in two ways, he added.

CMS: Aging population a big driver of annual growth in national healthcare spending

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Enrollment shifts from private health insurance to Medicare as baby boomers continue to age into the program will help drive average annual growth of 5.5% in national health spending and enrollment from 2017 to 2026, according to new estimates released Wednesday by the Centers for Medicare & Medicaid Services. Projections include spending related to nursing care facilities and continuing care retirement communities.

ASHA launches Senior Living Hall of Fame, inducts six

The American Seniors Housing Association launched a new Senior Living Hall of Fame and inducted six industry veterans at its annual meeting.

Number of CCRCs decreases for first time in at least seven years

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After increasing every year since at least 2010, the number of continuing care retirement communities decreased in 2017, according to Ziegler's national CCRC listing.

Margins slightly higher for multistate CCRC operators

Margins slightly higher for multistate CCRC operators

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For continuing care retirement communities seeking larger margins, expanding into additional states might be a good strategy.

Report: Some residents at risk for a new kind of religious discrimination

Report: Some residents at risk for a new kind of religious discrimination

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Revised laws and policies exempting religious organizations from anti-discrimination provisions are taking a toll on lesbian, gay, bisexual and transgender elders, a new report claims.

Senior living residents more interested in how organizations are run

Senior living residents more interested in how organizations are run

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Senior living managers are sensing heightened resident interest in transparency- and engagement-related issues, a new report finds.

Outlook for CCRC occupancy depends on type of community

Outlook for CCRC occupancy depends on type of community

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Occupancy at continuing care retirement communities is trending upward overall, but some types of communities are experiencing higher rates than others, according to the National Investment Center for Seniors Housing & Care.

$240 million bond issue sets record for single-site CCRC, HJ Sims says

$240 million bond issue sets record for single-site CCRC, HJ Sims says

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A $240 million financing on which HJ Sims is the lead underwriter is the largest fixed-rate public bond issue for a single-site continuing care retirement community, according to the privately held investment bank and wealth management firm.

CCRC monthly rate increases for 2018 will average 3.1%

CCRC monthly rate increases for 2018 will average 3.1%

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Continuing care retirement communities plan to raise their monthly fees for existing independent living residents an average of 3.1% in 2018, according to a recent poll of 160 chief financial officers of not-for-profit senior living communities and financial professionals by specialty investment bank Ziegler.

CCRC adds 4,100-square-foot duplexes to attract baby boomers

CCRC adds 4,100-square-foot duplexes to attract baby boomers

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Ten months after breaking ground on a project intended to attract baby boomers and others looking for a different environment in which to age, nonprofit BHI Senior Living has sold all 30 duplexes in an expansion of its Hoosier Village continuing care retirement community in Indianapolis, and the first residents are moving in.

5-year study aims to prove benefits of life plan community living

5-year study aims to prove benefits of life plan community living

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A five-year study of more than 2,000 life plan community residents by the Mather LifeWays Institute on Aging and Northwestern University will try to determine the effects that living in such a community has on residents' long-term health and wellness, the institute announced Tuesday.

Study: On balance, minimum wage increase could be good for operators

Study: On balance, minimum wage increase could be good for operators

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The effects of a minimum wage increase on assisted living and continuing care retirement communities, and their workers, are multifaceted. On balance, however, such an increase would have a relatively small negative financial effect on operators but generally positive effects on their workers, according to results of a study released Tuesday by RTI International and the Center for Excellence in Assisted Living.

Continuing Care Hall of Fame to induct four

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The Continuing Care Hall of Fame will induct four members this year at an Oct. 29 gala at the InterContinental New Orleans.

Residents, staff reap rewards from retirement community's smartphone app

Residents, staff reap rewards from retirement community's smartphone app

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Leaders at a New York retirement community say their new smartphone app is bringing convenience to residents and enabling staff members to spend more time with them.

Assisted living director pay increases 3.27% in CCRCs

Assisted living director pay increases 3.27% in CCRCs

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Directors of assisted living/personal care who work in continuing care retirement communities saw an average pay increase of 3.27% in 2017, according to a new report.

AMA considers advocating that CCRCs be part of ACOs

AMA considers advocating that CCRCs be part of ACOs

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The American Medical Association will lobby the Centers for Medicare & Medicaid Services to allow continuing care retirement communities to initiate investment models of accountable care organizations if its board of trustees approves a resolution that the AMA's House of Delegates referred for a decision last week at the delegates' meeting in Chicago.

Wellness redesigned: Centers for healthy living in the 21st century

Wellness redesigned: Centers for healthy living in the 21st century

For senior living operators looking for a way to bridge the gap between the housing, healthcare, hospitality and education sectors, the center for healthy living concept presents an exciting opportunity to innovate.

The website features most important to prospective residents

The website features most important to prospective residents

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As a retirement community's online presence becomes increasingly important, research reveals the number one piece of information that adults aged 75 to 84 seek on a community's website as well as other features of interest.

Type A and C contracts increasing in popularity with CCRCs

Type A and C contracts increasing in popularity with CCRCs

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Type A and C entry-fee contract use has become more common in continuing care retirement communities over the past 10 years, whereas type B contract and rental agreement use has become less common, according to the results of a new poll.

5 ways senior living communities are evolving to attract active baby boomers

5 ways senior living communities are evolving to attract active baby boomers

Senior living communities are devising new ways to attract and fulfill the needs of active boomers who want to be able to age in place and have opportunities for creative education and personal exploration.

In Focus

July 11

Patriotic parade

Naples, FL 

More than 100 residents and employees of Vi at Bentley Village participated in a golf cart parade to celebrate the Fourth of July.

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