Avery Point

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Christine Healy: Morning, Arthur.

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arthurbretschneiderimac: Good morning, Christine. How are you for giving me some time today?

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Christine Healy: I would love for you to share a little bit about your background. So people know who we're learning from today.

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arthurbretschneiderimac: Absolutely. So I've been in the senior living industry for about 20 years. My family started in the 1950 S building retirement home. So just you know, long history. In the in the space I started senior many years ago, after witnessing first hand, just how hard it was for families to go through this process. And you know, over the years I've personally helped hundreds of families find great options. And

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arthurbretschneiderimac: you know, of course, annually helps a few 1,000 families every year.

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arthurbretschneiderimac: Okay, so 20 years of experience 100 and some families I feel like we're in good hands. Tell me about this community called Avery Point. I think it's in Richmond. Absolutely so. Avery point is a senior living community that's located in Richmond, Virginia, in Fox Hall, so kind of near the Wellesley, in in Ridge neighborhoods.

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arthurbretschneiderimac: The community offers a full continuum of care so fully independent, living. All the way down to skilled nursing, meaning, you know, they can support people who have like no care needs to folks who have sort of more assisted living or dementia. Care needs all the way to folks who have, you know, sort of more medical type of needs and because exactly

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arthurbretschneiderimac: in this community, there's there, there are entrance fees. So apartment homes are gonna range, really, from, you know, just below 300,000 for studios

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arthurbretschneiderimac: to above 450,000 for 2 bedrooms. And of course there's everything in in between in addition to that, you know there. There are also monthly care fees that folks will be you know, covering. And so people tend to choose Avery point more for its kind of maintenance, free lifestyle, it's amenity, rich kind of. And then also having access to that full supportive

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arthurbretschneiderimac: supported lifestyle as well, so kind of almost like an insurance policy sort of you know you you can kind of downsize now, but then you you can be sort of cared for. You know over the years. So do you know anything about the operators or the the people who run it?

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arthurbretschneiderimac: Yeah. So Avery point is managed by Ericsson, Senior living. Ericsson is one of the largest nationwide senior living operators. You know, really, really well known, respected operator. They. They tend to operate these types of larger communities that can do the full continuum. You know, they're they're usually more like campuses where they're they're homes. They're sort of a you know, a healthcare center as well, and like different sort of on site

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arthurbretschneiderimac: call it medical centers or healthcare centers, and and like hospitality centers.

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arthurbretschneiderimac: Something something to note here.

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arthurbretschneiderimac: Ericsson is also a unique operator. Because they've they've they've actually created their own Medicare advantage plan. And so yes, so residents can get access to the Ericsson Advantage plan and why? That's important is because, while you know, the majority of costs associated with this community, like the entry, costs the home care, like those costs, are typically

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paid out of pocket. Some costs can be paid for by Medicare or Medicare advantage. And so

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arthurbretschneiderimac: it actually sort of enables them to deliver even more services that are covered by by by. When you're kind of like working within the same system I can imagine. Yeah, exactly

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Christine Healy: cool. Well, thanks. So much for your time today. Have a good one.

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arthurbretschneiderimac: too.