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Paradise Valley Estates: A Capital Investment

Paradise Valley Estates (PVE) will celebrate its twentieth anniversary this year. The 80’s and 90’s were a time of significant growth in continuing care retirement communities (CCRCs) in the United States. Today, there are nearly 2000 of them across the country. Over 80% of communities are not-for-profit organizations, including PVE.

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There are many different options out there—rental, real estate equity, profit and not-for-profit. All can be well-run and suit the needs and desires of their residents very well. In my 35-year career in senior living communities across the country, I’ve learned that almost all residents believe that their community is the best (as it should be).

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While I’ve worked in various types of communities, the majority of my career has been spent in the not-for-profit setting. Paradise Valley Estates was launched in 1997 by a dedicated group of retired military officers that wanted a senior living option right here in Fairfield, CA. Those early visionaries elected to form a local, not-for-profit organization to develop and run the community.

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Not-for-profit communities can offer some important distinctions from their for-profit counterparts. One such distinction on full display here at PVE is the effort to reinvest capital resources to keep the community competitive, up-to-date and striving to offer new programs, services and amenities.

Master planning projects abound right now, including;

  • A new bi-level parking structure
  • Extensive renovation to Laurel Creek Health Center
  • Redecorating of community areas in the three residential apartment buildings
  • A second bocce court was added due to the popularity of the sport
  • Construction is nearing completion on a brand new, dedicated memory care building

In searching for just the right senior living option, take a look at the surroundings. Questions to consider:

  • Are community spaces modern and up-to-date?
  • Does the community have a strategic or master plan?
  • What amenities or enhancements are planned?
  • Is there a plan to systematically replace major systems like boilers and HVAC?

Life plan community residency may last 10, 15 or 20 years. At PVE we have quite a number of pioneers who are celebrating their 20th anniversary as well–and our community is even better now than the day they moved in.