For-Profit CCRC vs. Nonprofit CCRC: What’s the Difference?
While there are clear differences between for-profit and not-for-profit CCRCs it does not mean that one is necessarily better than the other.
Blackboards to Boardrooms: Adaptive Reuse Turns Old Buildings Into New Senior Living Communities
As America simultaneously struggles with an oversupply of vacant and/or functionally obsolete commercial space and a dearth of affordable senior living options to meet demand, an innovative trend is reshaping the landscape: adaptive reuse. Developers across the country are breathing new life into vacant schools, underperforming malls, unoccupied office buildings, and outdated hotels, transforming them [...]
Assessing the Affordability of a Life Plan Community
One of the biggest obstacles in choosing a life plan community (more traditionally known as a continuing care retirement community or CCRC) is affordability. Or, as we like to say here at myLifeSite: Is it a good financial fit? For many prospective residents of a life plan community, the question may not necessarily be [...]
Equalized Pricing: An Increasingly Common Variation on the CCRC Lifecare Contract
There is a new spin on one contract type that many CCRCs are introducing: a lifecare contract with equalized pricing
Aging with Pride: How Senior Living and Care is Evolving to Support LGBTQ+ Seniors
Approximately 2.3% of Americans 50 and older (2.7 million people) self-identify as LGBTQ+, according to 2023 research from the Williams Institute at UCLA. As the number of openly LGBTQ+ seniors continues to grow in the U.S., the senior living and long-term care industries must address a pressing responsibility: to provide housing and care environments that [...]
D.C. Budget Policies May Impact Older Americans More Than You Expect
For many Americans, the happenings in Washington, D.C., might seem far-removed from their day-to-day lives. But as staff from numerous federal departments are eliminated, and our nation’s policymakers deliberate over significant budget changes and cuts, older Americans across the country stand to be profoundly impacted. No matter which side of the political divide you stand [...]
The Heart of the Community: How Retirement Community Employees Enrich Residents’ Lives
More and more research is coming out each year showing us how important having socialization and a sense of community is to our well-being and longevity. Living in a retirement community not only provides a social network of peers who are easy to reach, but it also provides a network of intergenerational opportunities, and this [...]
ADUs: A Threat or Opportunity for the Senior Living Industry?
As the senior living industry continues to evolve, much of the conversation has focused on two major trends: older adults choosing to remain in their current homes (aging in place) and the growing popularity of active adult communities that appeal to younger retirees. But there’s a less obvious, yet potentially more disruptive force also quietly [...]
Open Road: Navigating the RVing Trend Among Older Adults
Retirement marks a new chapter in life. More flexibility coupled with less responsibility can present the opportunity for retirees to pursue their interests, like travel. For a growing number of older Americans with the travel bug, this includes exploring our nation in a recreational vehicle (RV) or camper. Traveling in an RV allows you to [...]
What’s At the Heart of Older Adults’ Senior Living Apprehensions?
The future of senior living is one of the most talked-about topics in the industry — and for good reason. The next generation of older adults brings new expectations and preferences when it comes to retirement lifestyle and housing. And this topic is especially pertinent as the oldest baby boomers turn 79 this year — [...]