There is a nice article in today’s issue of the Raleigh-based News and Observer, written by David Bracken, that presents a clear and concise explanation of the development progress being made by a couple of the new CCRC’s in the Raleigh-Cary region. (http://www.newsobserver.com/business/story/233786.html?story_link=email_msg) The article speaks briefly to the requirements that the state of North Carolina has in place for non-profit versus for-profit CCRC’s, as it relates to percentage of units that must be under contract before construction can begin. It also talks a little bit about how debt service for development will be covered, which is a very important aspect when considering the mid-long term financial stability of a community. Finally, Mr. Bracken mentions the refund options offered by the communities. Refund options are a big selling point for many CCRC’s but may not always be the right choice. Everyone’s situation is different and it is important to consider different aspects before determining if a if a refund option is best for you. For more information visit our website at www.carolinacontinuingcare.com or send us an email at info@carolinacontinuingcare.com.

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