4.7.4.4Vertical

Rental CCRC Models

CCRCs operating on month-to-month rental rather than entry fee models.

Market snapshot

These figures describe Continuing Care Retirement Communities (4.7.4), the segment that Rental CCRC Models sits within — not Rental CCRC Models on its own.

Market size
~$41B
Growth
~3.5%CAGR (2017–22, nominal)
Companies
~5,500
FragmentationFragmentedEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 623311 (Continuing Care Retirement Communities); heavily nonprofit.

Business model & economics

Revenue model

Entrance fees plus monthly fees across the care continuum

Key economics

Recurring revenue
High

long-term resident relationships

EBITDA margin
Nonprofit surplus and entrance-fee economics
Capex intensity
High

Characteristics

  • Full care continuum on a single campus.
  • Entrance-fee model creates distinctive economics.
  • Heavily nonprofit; aging-in-place security demand.

Geographic concentration

AlabamaAlaskaArizonaColoradoFloridaGeorgiaIndianaMaineMassachusettsNew JerseyNorth CarolinaNorth DakotaOklahomaSouth DakotaTexasWyomingConnecticutMissouriWest VirginiaIllinoisNew MexicoArkansasCaliforniaDelawareDistrict of ColumbiaHawaiiKentuckyMarylandMichiganMississippiMontanaNew HampshireNew YorkOhioOregonTennesseeUtahVirginiaWashingtonWisconsinNebraskaSouth CarolinaIdahoNevadaVermontLouisianaRhode IslandKansasMinnesotaPennsylvaniaIowa

Continuing-care retirement communities concentrate in the Upper Midwest and Mid-Atlantic — Iowa, Kansas, Pennsylvania, and Minnesota — reflecting strong nonprofit and faith-based CCRC traditions.

IowaKansasPennsylvaniaMinnesota

U.S. Census Bureau — 2022 County Business Patterns (employment by state), NAICS 623311. Concentration shown by location quotient.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Senior-living operators
  • Nonprofit affiliations & sponsors
  • Real-estate investors

What’s driving deals

  • Selective consolidation in a nonprofit-heavy segment.
  • Aging-in-place continuum demand.
  • Entrance-fee and balance-sheet dynamics.

Find Rental CCRC Models acquisition targets

Search Acquisera’s index for companies classified under Rental CCRC Models (4.7.4.4) and build a targeted deal pipeline.

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