Seniors Housing Business

AUG-SEP 2015

Seniors Housing Business is the magazine that helps you navigate the evolution of the seniors housing industry.

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www.seniorshousingbusiness.com 45 August-September 2015 n Seniors Housing Business The road to capital financial solutions starts with us. With a proven track record of developing healthcare fnancing solutions for small and medium-sized providers, shouldn't you trust a leader to steer your business in the right direction? Take the wheel. Give us a call today. A C Q U I S I T I O N S | R E F I N A N C I N G | R E C A P I TA L I Z AT I O N | C O N S T R U C T I O N F I N A N C I N G L E A S E H O L D F I N A N C I N G | A C C O U N T S R E C E I VA B L E F I N A N C I N G | P R E F E R R E D E Q U I T Y main: 423-424-1800 | www.contemporarycapital.com For more information, please contact: Steve McGee at 423-424-1902, Craig Taylor at 423-424-1842 or John O'Brien, Jr. at 423-424-1901 housing and healthcare sectors, estimates that 88 communities fall into this category. In most cases, the community is located in a college town and residents have access to some uni- versity events and classes. Of the 84 planned CCRCs tracked by Ziegler, three will be affliated in some way with uni- versities. In these instances, the university owns the underly- ing land, but will not operate the community. For example, the University of Central Florida (UCF) in Orlando plans to sell or lease 60 acres for the development of Legacy Pointe, a new $100 mil- lion senior living community. The project is located in Oviedo, which borders the university. The developer and owner is Continuing Care Retirement Devel- A $29.3 million expansion is underway at Kendal at Ithaca, near Cornell University and Ithaca College in New York State. Entrance fees range from $157,850 for a studio apartment to $542,800 for a two-bedroom with den cottage. The image shows the entry to the skilled nursing area.

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