The Quadrangle-1

The Quadrangle-1 - The Quadrangle Ms. Wayne is an 87 year...

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The Quadrangle Ms. Wayne is an 87 year old senior who is considering moving into an independent-living senior living community. She has chosen a community known as The Quadrangle. She is considering either the one bedroom unit, or the one bedroom with den. You were asked to give your input on this transaction from a financial perspective. 90% 50% Residential Unit Repayable Repayable Standard One Bedroom $ 187,000 $ 131,000 $ 103,000 Monthly Service Fee $ 3,500 $ 3,300 $ 3,100 One Bedroom With Den $ 333,000 $ 233,000 $ 166,000 Monthly Service Fee $ 4,300 $ 4,100 $ 3,900 The entry fees for these units are shown above. The Quadrangle basically offers 3 plans: o In the standard plan, the resident pays the one-time entry fee plus a monthly service fee. o Under the “50%” repayable plan, after the resident either passes away or moves into assisted living, 50% of their entry fee is returned – but this happens only after a new resident is found for that unit. o
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This note was uploaded on 01/25/2010 for the course BSLW 265 taught by Professor Barton during the Fall '09 term at Montclair.

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The Quadrangle-1 - The Quadrangle Ms. Wayne is an 87 year...

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