Independent living rate cap

[Anonymous]

Parent’s independent living facility offering a rate cap at 5% for the next year. Just trying to get a sense if that’s good or bad - on average, how much does your parent’s facility raise the rent per year? Is 5% a typical increase?

[Anonymous]

We went from 4500 to 5600 at Brightview for 1 bedroom from 2020 to 2024.

Was between 10-15% increase at Sunrise the one year we've been there for assisted living.

[Anonymous]

My parents went up 4.5% the first year and 5% this year. This was down from 6% the year prior to when they started living there.

I'd say 5% is about average.

[Anonymous]

My moms went up a total of 23% in 2 years (no cap) so 5% sounds good to me!