At the NaCCRA 2014 Spring Meeting Bob Nagele of Connecticut Elucidates the Nature of Most CCRC Residents Ownership
Although an Entrance Fee contract is often called a buy in, and although many CCRC marketing departments speak of "selling" residential units, most residents in CCRCs do not have ownership as a result of their Entrance Fees.
Moreover, contrary to the expectations of many residents a not-for-profit CCRC can be sold to a for profit entity and, thereafter, be operated on the basis of for profit principles.
In the video below Bob Nagele, a distinguished resident of Edgehill CCRC in Stanford, CT expands on these matters.
Click on the square at the bottom right of
the video to view full screen. The square looks like this
