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Acts Retirement-Life Communities (Acts), based out of Fort Washington, Pennsylvania, is the third largest not-for-profit owner, operator and developer of continuing care retirement communities (CCRCs) in the United States. [1]
It had 22 communities in 13 states with a total of 3,022 units, including 650 Assisted Living units and 2,372 Independent Living units. [ 7 ] In 1998, a real estate private equity fund sponsored by an affiliate of Lazard Freres and Company (Lazard Freres Real Estate Investors, ”LFREI”) purchased Atria Communities, Inc. for approximately ...
York served as the temporary base for the Continental Congress from September 30, 1777, to June 27, 1778, during the American Revolutionary War (1775–1783). Congress drafted and adopted the Articles of Confederation in York, though they were not ratified until March 1781. Congress met at the Court House that was built in 1754.
While new retirement communities have developed in various areas of the United States, they are largely marketed to older adults who are financially secure. Lower income retirement communities are rare except for government subsidized housing, which neglects a large proportion of older adults who have fewer financial resources. [11]
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Garden Spot Village is a licensed, non-profit, faith-based continuing care retirement community in New Holland, Pennsylvania. [1] The facility is operated by Garden Spot Communities, Inc., a 501(c)(3) not-for-profit corporation, and it provides residential and health-care services for adults ages 55 and above. It employs about 500 staff members ...
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