This book examines the risks and benefits of Continuing Care Retirement Communities (CCRC). CCRCs can benefit older Americans by allowing them to move among and through independent living, assisted living, and skilled nursing care in one community. They offer a range of contract types and fees that are designed to provide long-term care and transfer different degrees of the risk of future cost increases from the resident to the CCRC. Developing CCRCs can be a lengthy, complex process that requires significant long-term financing and accurate revenue and cost projections. Once operational, risks to long-term viability include declining occupancy and unexpected cost increases. While few CCRCs have failed, challenging economic and real estate market conditions have negatively affected some CCRCs occupancy and financial conditions.

Book Information
ISBN 9781621009450
Author Phillip G. Moore
Format Paperback
Page Count 101
Imprint Nova Science Publishers Inc
Publisher Nova Science Publishers Inc
Weight(grams) 208g