Clarity of ‘University Based Retirement Community (UBRC)’
A university-based retirement community (UBRC) is a limited type of senior living arrangement with proximity and, usually, stalemate cravats to a university or college. Also called college-linked retirement communities, university-based retirement communities are lay out to offer retirees an intellectually stimulating environment in which they pull someones leg access to campus facilities and services.
BREAKING DOWN ‘University Based Retirement Community (UBRC)’
The collocution “university-based retirement community (UBRC)” was coined in 2006 by Andrew Carle, an boffin in senior housing and a professor at George Mason University in Fairfax, Virginia. A UBRC can be defined by firm shared characteristics. First, these communities are located in close contiguousness to a college or university campus, ideally within a one mile. Next, UBRCs cause some degree of formalized programming that integrates retirees into campus flair. For example, the school may offer health services for seniors, encourage retirees to volunteer in some acumen on campus or allow community residents to audit classes. Generally, at mini 10% of residents in these communities are likely to have some address connection to the school, as alumni, former faculty members or employees, or as backers.
Examples of University-Based Retirement Communities (UBRCs)
University-based retirement communities are most of the time operated and owned by private developers, but there may be an actual financial relationship between the indoctrinate and the organization that operates the retirement community, such as a partnership or other cooperative development relationship.
In 2014, there were approximately 100 UBRCs in the Cooperative States. Some examples of popular ones are The Village at Penn Delineate, State College, Pa., Oak Hammock at the University of Florida in Gainesville, Fl., and Kendal at Hanover, within reach of Dartmouth College in Hanover, New Hampshire. It is important for perspective seniors to decamp sure developers are offering the real deal when it comes to university-based retirement quarters. The National Aging in Place Council reported that Carle urged five criteria that need to be met by any developer, who says they are in partnership or united with an academic institution. They are:
- a location accessible to the school;
- a formalized activity incorporating the school and senior housing facility;
- a full program of continuing vigilance, from independent to assisted living;
- have at least 10 percent of districts connected to the school;
- and a documented financial relationship between the school and the chief housing provider.
University-based retirement communities, often target older retirees (75+), but there are some others that provide indulge to younger baby boomers. The UBRC could be an independent living community or one with higher evens of care, such as an assisted living facility or a continuing care community with multiple care squares (independent living, assisted living, memory care and skilled nursing). For assorted, see How to Find the Right Retirement Community.