Independent living is riding high and CCRCs have successfully emerged from the Great Recession.
We know the independent living acquisition market has been hot, setting records in the past two years. And we know that occupancy levels are among the highest in the seniors housing sector, perhaps because there has not been a lot of new IL development, as least compared with assisted living and memory care. But CCRCs, or Life Plan Communities as some people would prefer to call them, have been making a strong comeback from the Great Recession and housing crisis. Who is buying these CCRCs and how are they valuing them? And how is the acquisition of a CCRC different from that of an independent living community? Is the CCRC market moving away from life care contracts, and how does a buyer value the income generated from entrance-fee turnover? Why does a buyer want a CCRC but maybe not an IL community? And what role do assisted living and memory units play in the overall investment thesis. If you want answers to these questions, please join us tomorrow as our panel of experts tackles all these issues, and answers your questions.
