Am I buying an apartment or a condo? - RiverWoods Retirement Community

Am I buying an apartment or a condo?

A CCRC is an insurance product, not a real estate transaction, and there is no ownership involved. What you are primarily purchasing is the promise of future health care if and when you need it or an insurance product. You have lifetime use of your home and the security of knowing you’ve planned for your future health care needs.