Dear Residents,
You may have seen recent news reports about financial challenges in the senior living sector, including some communities filing for bankruptcy. We know that such headlines can understandably create concern.
We want to reassure you that The Admiral at the Lake remains in a strong financial position. We have maintained steady occupancy, responsible debt management, and consistent fulfillment of our financial obligations – including entrance fee refunds. Our Board, staff leadership, and resident liaison committee are highly engaged in oversight to ensure our continued sustainability.
The organizations featured in recent media coverage faced very different circumstances, including long-standing financial instability and limited cash reserves. That is not the case here. We have built The Admiral’s strength over many years through thoughtful governance, sound financial stewardship, and community-focused planning.
We remain committed to transparent communication and welcome your questions. As shared at yesterday’s Resident Council, staff and the Financial Liaison Committee will hold a joint education session on this topic, with more updates to follow. In the meantime, please direct questions to Jeff Miller, Committee Chair, or R.J., our CFO.
