Matching Items (5)
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- All Subjects: Senior Living
- All Subjects: Real Estate Finance
- Creators: Sadusky, Brian
- Creators: Anand, Rohan
- Creators: Hassett, Matthew J.
- Creators: Stephens, Corey Christopher
Description
This expository thesis explores the financial health and actuarial analysis of a particular solution for those seeking stability and security in their golden years: the CCRC industry. A continuing care retirement community, or CCRC, is a comprehensive project and campus that offers its residents a full spectrum of care from independent living, to assisted living, to skilled nursing. After reading this paper, any person with no prior knowledge of a continuing care retirement community should gain a firm understanding of the background, risks and benefits, and legislative safeguards of this complex industry. Financially, a CCRC operates in some aspects similar to long-term care (LTC) insurance. However, CCRCs provide multiple levels of care operations while maintaining a pleasant, engaging community environment where seniors can have all their lifestyle needs met. The expensive and complex operations of a CCRC are not without risk: the industry has seen marked periods of bankruptcy followed by increasing and changing regulatory oversight. Thus, CCRCs require a periodic actuarial analysis and report, among array of other legislative safeguards against bankruptcy. A CCRC's insolvency or inability to meet its obligations can be catastrophic and inflict suffering and damages not only to its residents but also their friends and families. With seniors historically being one of the most vulnerable demographic groups, it is absolutely essential that an all-encompassing care facility continues to exist and fulfill its contractual promises by maintaining sound actuarial practices and financial health. This thesis, in addition to providing an exposition of the background and functions of the CCRC, describes the existing actuarial and financial studies and audits in practice to ensure sound governance and the quality of life of CCRC residents.
ContributorsTang, Julie (Author) / Milovanovic, Jelena (Thesis director) / Hassett, Matthew J. (Committee member) / School of Mathematical and Statistical Sciences (Contributor) / Barrett, The Honors College (Contributor)
Created2017-05
Description
Through research, interviews, and analysis, our paper provides the local community with a resource that offers a comprehensive collection of insight into the Mirabella at ASU Life Plan Community and the projected impact it will have on the City of Tempe and Arizona State University.
ContributorsStephens, Corey Christopher (Co-author) / Dicke, George (Co-author) / Anand, Rohan (Co-author) / Sadusky, Brian (Thesis director) / Schiller, Christoph (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Finance (Contributor) / Sandra Day O'Connor College of Law (Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
Description
Through research, interviews, and analysis, our paper provides the local community with a resource that offers a comprehensive collection of insight into the Mirabella at ASU Life Plan Community and the projected impact it will have on the City of Tempe and Arizona State University.
ContributorsAnand, Rohan (Co-author) / Dicke, George (Co-author) / Stephens, Corey (Co-author) / Sadusky, Brian (Thesis director) / Schiller, Christoph (Committee member) / Dean, W.P. Carey School of Business (Contributor) / Department of Finance (Contributor) / Department of Supply Chain Management (Contributor) / Barrett, The Honors College (Contributor)
Created2021-05
Description
The Solis Lofts Development Proposal thesis consisted of a full prospective development
within the City of Tempe. Our team conducted a vast amount of market research to determine
what sector of the market would provide the best return on investment. We organized meetings
with local brokers from Cushman & Wakefield, CBRE, JLL, and Colliers International to learn
more about the current market environment. Also, we organized meetings with local developers,
architects, and lenders. These included Merit Partners, Sunbelt Holdings, MODUS Development,
Catclar Investments, 5Visual, Butler Design Group, and Colonial Capital. Through the research
we conducted we were able to successfully determine that a multifamily development within the
City of Tempe would be a great way to enter the Commercial Real Estate Development field.
Our project consisted of the full land acquisition process, architectural site plan review, financial
analysis, and completion of the product.
within the City of Tempe. Our team conducted a vast amount of market research to determine
what sector of the market would provide the best return on investment. We organized meetings
with local brokers from Cushman & Wakefield, CBRE, JLL, and Colliers International to learn
more about the current market environment. Also, we organized meetings with local developers,
architects, and lenders. These included Merit Partners, Sunbelt Holdings, MODUS Development,
Catclar Investments, 5Visual, Butler Design Group, and Colonial Capital. Through the research
we conducted we were able to successfully determine that a multifamily development within the
City of Tempe would be a great way to enter the Commercial Real Estate Development field.
Our project consisted of the full land acquisition process, architectural site plan review, financial
analysis, and completion of the product.
ContributorsZwillinger, Mason William (Co-author) / Butura, Alex (Co-author) / Liu, Braden (Co-author) / Farnsworth, Yzaac (Co-author) / Sadusky, Brian (Thesis director) / Avrhami, Mathew (Committee member) / Department of Finance (Contributor) / Dean, W.P. Carey School of Business (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05
Description
The Solis Lofts Development Proposal thesis consisted of a full prospective development within the City of Tempe. Our team conducted a vast amount of market research to determine what sector of the market would provide the best return on investment. We organized meetings with local brokers from Cushman & Wakefield, CBRE, JLL, and Colliers International to learn more about the current market environment. Also, we organized meetings with local developers, architects, and lenders. These included Merit Partners, Sunbelt Holdings, MODUS Development, Catclar Investments, 5Visual, Butler Design Group, and Colonial Capital. Through the research, we conducted we were able to successfully determine that a multifamily development within the City of Tempe would be a great way to enter the Commercial Real Estate Development field. Our project consisted of the full land acquisition process, architectural site plan review, financial analysis, and completion of the product.
ContributorsButura, Alex Brennan (Co-author) / Liu, Braden (Co-author) / Zwillinger, Mason (Co-author) / Farnsworth, Yzaac (Co-author) / Sadusky, Brian (Thesis director) / Avrhami, Mathew (Committee member) / Department of Finance (Contributor) / Barrett, The Honors College (Contributor)
Created2019-05