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A continuing care retirement community (CCRC), [1] [2] sometimes known as a life plan community, is a type of retirement community in the U.S. where a continuum of aging care needs—from independent living, assisted living, and skilled nursing care—can all be met within the community. [3]
Atria Senior Living communities have a focus on assisted living, primarily in suburban markets. Holiday by Atria provides independent living for older adults at what it calls "an approachable price point". [5] Atria Retirement Canada offers independent living to older adults from British Columbia to New Brunswick. [6]
Vi Senior Living, formerly known as Classic Residence by Hyatt, was founded in 1987 by Penny Pritzker. [3] [4] The Pritzker family background in founding the Hyatt hotel chain and Marmon Group inspired Penny Pritzker's vision to bring high-end hospitality to senior living communities across the United States.
Independent senior living communities are the least expensive of the three primary senior living options. Monthly costs vary significantly by community type, size of apartment, location and services offered. The average total cost for a U.S. one bedroom independent senior living apartment is $2,750 per month.
Based on the health and financial means of the individual, these may include living in a retirement community or an age-restricted community, independent senior living, or living in a nursing home or retirement home. A retirement community is a residential community or housing complex designed for older adults who are generally able to care for ...
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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