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LifeCare CCRCs were first developed in the Unites States over a century ago and continue to adjust to the evolving needs of succeeding generations of Americans. Over the decades, providers have developed a wide variety of service-enhancements and care options to improve the quality and extent of services offered to residents. Pricing structures and healthcare commitments also continue to evolve.
The Equity LifeCare approach at The Glenview at Pelican Bay is innovative and conveys to our resident owners confidence in the enduring value a residence at our community provides both immediately and as a long-term investment.
As you compare The Glenview with retirement communities, you will be struck by the level of service, potential appreciation of your residence here and the likely return on investment. Appreciation levels at The Glenview are comparable to those of Pelican Bay real estate.
Healthcare benefits also accompany your ownership. As a full-service Equity LifeCare community we offer a continuum of health, therapy and other care services on-site. Ownership includes lifetime health care at Premier and home comprehensive health services provided by GlenCare.
The IRS has ruled that at entry fee communities with significant healthcare savings and a LifeCare provision provide Federal Income Tax advantages. Please consult your financial or tax advisor or your attorney so that you determine how residency at The Glenview at Pelican Bay fits into your total financial picture.
The decision to move into a LifeCare CCRC or an Equity LifeCare community such as The Glenview is a serious one that requires much thought, planning and open discussion with family members and loved ones. It represents both a major life decision and a substantial financial commitment; however, we believe you will agree that the move-in decision represents a financially astute investment, with a large percentage of the investment reverting back to the family or estate.
For those considering a move to The Glenview, we recommend that you:
- Visit the community more than once before you decide to purchase - talk with the Executive Director, the sales staff and as many of the residents as possible about the lifestyle, care options, services and delivery.
- Carefully consider your personal financial situation and the impact the decision will have on your lifestyle, your health and the peace of mind of both you and your family.
- Learn all you can about our community from personal visits, reading materials and other sources.
- Request information and carefully consider the financial position of the community.
- Read carefully any and all contracts or other binding documents before agreeing to purchase a residence here or in any senior living community.
- Review all documents with your advisor before executing your residency agreement.
The cost of LifeCare at The Glenview compares favorably with the cost of remaining in your own home, and is more personally accommodating to your long-term health and wellness. Brookdale believes that the quality of life in senior housing offers many advantages over remaining at home and affords peace of mind, thanks to:
- The enduring real estate and investment value of The Glenview at Pelican Bay.
- The potential for a more active, health-conscious lifestyle in an engaging social environment.
- The availability of a full range of health and community services when needed.
We appreciate that the residents at The Glenview have made a very significant financial and emotional commitment to the community. We are dedicated to ensuring that your investment in our Equity LifeCare community is one that will bring you value, security and peace of mind every day.
- Prospective residents should keep three requirements in mind when choosing a LifeCare retirement community…
- That community will provide quality, professional care;
- That the community will be governed and operated in a manner that allows it to remain financially sound and meet its long-term commitments to residents;
- That the terms of the agreement for housing, care, services and a refund or repayment of the entry fee will be honored and met – including how the agreement addresses the situation in which a resident’s financial resources are depleted through no fault of his/her own..
The Glenview at Pelican Bay operates on established Brookdale Protocols (link to protocols here) that conform to standard industry best practices and often exceed those requirements.
As a The Glenview LifeCare resident, you will enjoy the following lifestyle advantages:
- Freedom from the burdens of maintaining a home
- A wide range of accommodations
- A continuum of care services on campus
- The opportunity to share in the asset appreciation of your community on a favorable tax basis
- Potential tax deductions relating to fees
- Caps on future fee increases in most cases result in lower future cost than rental communities
- Predictable long-term expenses
- Asset preservation.
Senior living industry leaders established recommended industry guidelines which are called "best practices." The Glenview’s protocols meet these best practices, providing for residents’ informational needs and protection when choosing our Equity LifeCare community.
Community governance at The Glenview is provided by our experienced Executive Director and operations staff in concert with the resident advisory committee and Brookdale Senior Living, which manages the community. Disclosures relating to Brookdale’s expertise, management and governance are available in the Company’s annual reports and quarterly statements, which are provided to The Glenview. This information is also available on the investor page of the Brookdale Senior Living web site at www.brookdaleliving.com.
Brookdale Senior Living is a public company with a corporate board that meets all requirements of the Securities and Exchange Commission and the New York Stock Exchange, where its stock is traded. Accordingly, Brookdale and The Glenview offer experienced and professional oversight at every level of operation, always seeking meaningful input from those we serve: our residents.
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