From a The Real Deal online article:
A unit at the Clare costs an average one-time entrance fee of $800,000 or so, along with around $5,500 monthly fees. The entrance fee is refunded when a resident dies or moves out. Entrance fees at a typical senior living facility is around $369,000.
The 53-story Clare tower on Chicago’s Magnificent Mile has sold for $105 million, a sign that luxury senior living facilities hold huge upside in today’s market.
Fundamental Advisors LP sold the luxury seniors-only tower for twice what the private equity firm paid for the 334-unit tower in 2012, according to the Wall Street Journal.


Psycholinguist Jean Berko Gleason is a professor emerita at Boston University and a pioneer in the field of children’s language. Even as a child, Berko Gleason loved and connected with language. It also made a big impression on her how much her older brother, who suffered from cerebral palsy, struggled to be understood. Berko Gleason shares her Brief But Spectacular take on language.
Hundreds of miles south of Japan’s main islands, in the East China Sea, is a Jurassic Park of longevity, with a higher percentage of centenarians (people who live to 100 years old) than anywhere else on Earth.