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A continuing care retirement community (CCRC), [1] [2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. [3]
The building became a hotel, known as the Hotel St. Clair in 1948, operating until 1976. In the early 2000s, the building was renovated for senior citizen housing. In 2017, the building was run down and vacant. It was sold to a local developer who renovated it into market rate apartments.
Some communities are tied to an adjoining, apartment-style independent senior living community. Residents may have the option to rent or buy. Continuing Care: Communities that provide access to independent living communities, as well as assisted living and skilled nursing. Residents can transfer among levels of care as needs change.
Many senior communities also have entrance fees, which is essentially a buy-in and can be quite substantial. According to Simply Senior Living, it can add an additional $30,000 to your bill ...
Erickson Senior Living is an owner, manager and developer of retirement communities in the United States. It provides independent living, assisted living, memory and skilled nursing care, managing 20 campus-style retirement communities in 11 states. Headquartered in Catonsville, Maryland, it employs over 17,000 people for 24,000 residents as of ...
Examples of retirement community types include: assisted living communities, also known as assisted living and memory care assisted living communities, which provide all the daily services seniors need in an apartment or condominium style environment - such as activities, dining, housekeeping, nursing, and wellness - usually in a locked and ...
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