Life Plan Communities
See Continuing Care Retirement Communities (CCRCs).
Frequently Asked Questions about Life Plan Communities (Continuing Care Retirement Communities)
What are Life Plan Communities?
Life Plan Communities are also known as Continuing Care Retirement Communities (CCRCs). These are residential communities that offer a continuum of care for older adults, typically including independent living, assisted living, and skilled nursing care within one campus.
Is there a difference between Life Plan Communities and CCRCs?
No, the terms are used interchangeably. “Life Plan Community” is a more modern term for what has historically been called a Continuing Care Retirement Community (CCRC).
Where can I learn more about CCRCs?
You can refer to the related glossary entry titled “Continuing Care Retirement Communities (CCRCs)” for a detailed explanation. This entry provides context on the care model, financial structures, and real estate investment implications.
Are Life Plan Communities relevant to commercial real estate investors?
Yes. These communities represent a specialized asset class in the healthcare and senior living sectors. They often involve long-term contractual obligations and stable occupancy, making them attractive to institutional investors focused on demographic-driven demand.
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