continuing-care

Sean Kelly In 2007, Lee and Alfred Rose decided they were ready to sell their big house in Goodyear, Ariz., and move into an apartment in nearby La Loma Village, a continuing-care retirement community.

A Push to Turn 'For Sale' Into 'Sold' Rachel Louise Ensign 2011

For those seeking to sell a home in order to move into a continuing-care community or similar retirement residence, help is increasingly available.

A Push to Turn 'For Sale' Into 'Sold' Rachel Louise Ensign 2011

Read the Fine Print The housing downturn "was unlike anything we have encountered in our careers," says David C. Moreland , vice president of sales and marketing at Shell Point Retirement Community, a continuing-care development in Fort Myers, Fla., which has cut entrance fees on certain units by 20%.

A Push to Turn 'For Sale' Into 'Sold' Rachel Louise Ensign 2011

When David Barker , a retired engineer, was trying to sell his home in Independence, Mo., to move into John Knox Village, a continuing-care retirement community in Lee's Summit, Mo., a consultant hired by John Knox spent hours staging Mr. Barker's home at virtually no cost to him.

A Push to Turn 'For Sale' Into 'Sold' Rachel Louise Ensign 2011

And it was before they had to leave their beloved rowhouse in Upper Darby, Pa., where they had lived for 67 years, for a continuing-care facility just a few miles away from their family in Silver Spring.

Md. couple celebrates 80th Valentine's Day together Caitlin Gibson 2011

Most of these are continuing-care communities, which require residents to enter in good health but guarantee a wide range of medical care when their health deteriorates.

A Push to Turn 'For Sale' Into 'Sold' Rachel Louise Ensign 2011

Today, though, with parts of the continuing-care market in financial trouble, residents and would-be residents are grappling with a fundamental question: Can continuing-care developments keep their promise?

Searching for Security Kelly Greene 2010

Many continuing-care communities have created a benevolence fund specifically to help residents who find themselves in that situation.

Searching for Security Kelly Greene 2010

For years, the primary selling point of continuing-care retirement communities has been security: the knowledge that a person or couple could settle — and remain — in a development, whatever the changes to their health.

Searching for Security Kelly Greene 2010

Known as continuing-care retirement communities, or CCRCs, they offer independent-living units as well as skilled-nursing facilities.

IRS Erred in High-Stakes Tax Case 2010