CCRCs require state licensing for a community that includes Independent Living, Assisted Living and Skilled Nursing. These communities require entry fees and offer residents the security of knowing that if they need Assisted Living or skilled care that it is available with guaranteed access. Typically, CCRCs are owned and operated by non-profit organizations, yet they are also typically developed by for-profit entities.Retirements communities differ from CCRC’s in that they typically do not offer skilled nursing but do offer Independent Living and Assisted Living. It is very common for these communities to be developed in phases with Assisted Living and/or Memory Care first. For developers that take a “piece of dirt” to a fully approved project, it can result in a profit of substance and/or equity stake on the sale of the approved AL site as equity after the return of site acquisition and approval costs and still retain the Phase II Independent Living site free and clear.