This article explains the mechanics of the continuing care retirement community (CCRC) operating model and seeks to demonstrate how the property rights are divided essentially between residents and the community owner.
Retirement communities - valuation
Tellatin, J. K., Kosich, M. J., & Tracy, M. (2016). The appraisal of continuing care retirement communities with entry fees for property tax assessment purposes. Journal of Property Tax Assessment & Administration, 13(1), 21-36. Retrieved from https://researchexchange.iaao.org/jptaa/vol13/iss1/2