Senior Housing Options

A Comparison of Senior Housing Options

CPM’s Regency Collection provides a unique option for active adults and additional benefits for local municipalities.

Baby Boomers across the state face a similar situation. They own property that’s value has widely exceeded their expectations. They want their weekends for quality time instead of home maintenance and upkeep. They want to keep the comfort level and prestige associated with their existing residence. And they want to continue to reside in the community that they have called home for decades.

Independent Living Centers

Independent living centers are priced in the $3,500 per month range. While some health and food services are included, many find independent living to be less independent than they expected. Small living quarters without kitchens, mandatory meal plans and limited space for treasured belongings and furnishings.

55+ Home and Condominium Communities

The adult housing and condominium communities offer independence but require some maintenance. And with an average price tag of $250,000 along with additional monthly fees, the cost of a new, smaller home can sometimes exceed existing larger homes.

Traditional Apartment Communities

Luxury apartment communities offer the hassle-free lifestyle and premium features that many boomers crave. Monthly fees can exceed $2,000. And many boomers find that after years with their own kids, they don’t want to be on the other side of the wall from someone else’s.

Today’s adults are more active and affluent than previous generations. They want more than the traditional downsizing options. They want a combination of the three:

Until now, the answer has been to sell, take out some cash and downsize. CPM’s Regency collection provides a unique alternative.

Some of the services of an independent living center, the carefree lifestyle and amenities of a luxury apartment community, the space that a condominium or townhouse would offer and neighbors that are their own age.

Construction Planning & Management has developed a new option to downsizing that meets and exceeds the needs of today’s adults. It is called the Regency Collection.

With inclusive pricing that ranges from $1150 to $1525, an apartment home in Regency Collection offers spacious rooms (up to 1300 square feet), premium features (in-home laundry, walk in showers, private balconies), and luxuriously appointed kitchens. The hotel-style community provides a fitness center, a spa, media rooms, a billiards parlor, a comfortable resident lounge, elevators and an underground parking garage. There is even a concierge.

The Regency Collection allows today’s adults to take a step up while downsizing. "It is a community that you want to impress your friends and family with," says one long time resident "I am proud to call this home!"


Please also see Senior Housing Market Alternatives, Cost & Benefit Comparison PDF