Kingswood Senior Living, a 300-plus-unit CCRC in Kansas City, Missouri, has transitioned from a traditional entrance-fee model to a simplified rental structure following its January 2026 acquisition by Lapis Advisers, a private investment firm.
The community retains its full continuum of care — independent living, assisted living, memory care, and skilled nursing — along with the same campus and amenities. Capital improvement projects are underway, with the first phase expected to be completed in early September.
What makes this notable for residents is the shift away from entrance fees, a model that many CCRCs rely on for capital reserves. The articles do not specify how existing residents' contracts, refunds, or monthly fees were handled during the transition. Kingswood has hinted at a significant announcement coming in September.
For NaCCRA members, the question is whether the rental model trend — if it becomes one — would give residents more flexibility or less financial protection. Would you welcome a rental model at your community, or does the entrance-fee structure provide security you value?
Read the full article here: https://www.mcknightsseniorliving.com/news/kingswood-senior-living-ccrc-transitions-to-simplified-rental-model-following-acquisition/