Lifespace Communities

What Lifespace Communities does

Lifespace Communities, Inc. is a 501(c)(3) not-for-profit senior living organization founded in 1976 by Fred Weitz and headquartered at a Dallas Support Center in Texas. The company operates 15 Continuing Care Retirement Communities (CCRCs) across seven U.S. states—Florida, Illinois, Kansas/Missouri, Minnesota, Pennsylvania, Texas, and Wisconsin—offering a full continuum of care that includes independent living, assisted living, memory care, skilled nursing, and rehabilitation services. Each community operates under the proprietary "Life Care" contract model, which bundles a one-time entrance fee with predictable monthly service fees and guarantees access to higher-acuity care at below-market rates for the resident's lifetime, enabling aging in place with familiar staff.

The company's technology footprint centers on operational infrastructure rather than consumer-facing products: it runs Workday as its core ERP (having migrated supplier management from Coupa), participates in AARP's AgeTech Collaborative innovation ecosystem for senior-care technology piloting, and uses AI-enabled enterprise architecture initiatives introduced by its VP of Architecture, Applications and Digital Technology. Its revenue is generated through three streams—resident entrance fees (one-time), recurring monthly service fees, and fees for healthcare and ancillary care services—with pricing determined per community on a quote basis. Go-to-market is sales-led and direct-to-consumer, executed through on-site executive directors at each community, healthcare-provider referrals, earned-media placements (Newsweek, U.S. News & World Report), and a multi-channel digital presence including website, Facebook, X, email, and video.

Lifespace is governed by an independent Board of Directors chaired by Venita Fields, with Jesse Jantzen as President and CEO since 2020 and a C-suite that was substantially refreshed in 2024–2025 (new CFO Amy Wilson, CTO Srini Alagarsamy, CCO Natallia Futrell, CMO Heather Julian, and returning COO Brian Robbins). The organization maintains investment-grade credit, with Fitch Ratings affirming BBB/stable across multiple actions from 2022 to 2026, and raises capital through tax-exempt municipal bond issuances filed with the Municipal Securities Rulemaking Board's EMMA system rather than through equity markets.

Name

Lifespace Communities

Legal name

Lifespace Communities, Inc.

Website

https://lifespacecommunities.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Lifespace Communities is a 501(c)(3) nonprofit senior living organization operating 15 Continuing Care Retirement Communities across 7 U.S. states, offering independent living through skilled nursing under a Life Care contract model that bundles entrance and monthly fees.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Continuing Care Retirement Communities (623311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233), Nursing and Residential Care Facilities (623), Services for the Elderly and Persons with Disabilities (624120)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-Social Services (8300)

akta.pro primary industry

Nonprofit / Faith-Based CCRCs (HLADAEAC)

akta.pro secondary industries

Multi-Campus / Regional CCRC Networks (HLADAEAF), Continuing Care Retirement Communities (CCRC) with Memory Care (HLADACAD)

Keywords

• Senior living services
• Continuing care retirement
• Assisted living care
• Memory care services
• Skilled nursing facilities

Headquarters

HQ city

West Des Moines

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Resident Entrance Fees: One-time entrance fees paid by residents upon joining a Life Care community, providing access to the full continuum of care. These fees are typically substantial and may be partially refundable depending on the contract type.
2. Monthly Service Fees: Ongoing monthly fees charged to residents for basic services, amenities, and access to community facilities. These fees vary based on residence type and care level required.
3. Healthcare and Care Services: Additional fees for assisted living, memory care, skilled nursing, and other healthcare services provided within the continuum of care. Revenue from these services varies based on level of care needed.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels8 records

Core offering

Lifespace Communities operates 15 not-for-profit Continuing Care Retirement Communities (CCRCs) across 7 U.S. states (Florida, Illinois, Kansas/Missouri, Minnesota, Pennsylvania, Texas, and Wisconsin), delivering a full continuum of care that includes independent living, assisted living, memory care, skilled nursing, and rehabilitation services. The Life Care contract model provides residents with predictable long-term care costs through a one-time entrance fee and recurring monthly service fees, enabling aging in place with familiar staff across all care levels. Each community also offers wellness programs addressing intellectual, spiritual, physical, and social well-being.

Product overview

Lifespace Communities is a not-for-profit senior living organization operating 15 Life Care (Continuing Care Retirement Community/CCRC) locations across 7 states (Florida, Illinois, Kansas/Missouri, Minnesota, Pennsylvania, Texas, and Wisconsin). The company's primary product is its senior living service model offering a full continuum of care including independent living, assisted living, memory care, skilled nursing, and rehabilitation services. The Life Care program provides residents with predictable long-term care costs at rates below market rate. Each community also offers wellness programs focused on intellectual, spiritual, physical, and social well-being. Individual community brands include: Abbey Delray South, Harbour's Edge, The Waterford, Village on the Green (Florida); Beacon Hill, Oak Trace, GreenFields Geneva (Illinois); Claridge Court (Kansas); Friendship Village of Bloomington (Minnesota); Friendship Village of South Hills (Pennsylvania); The Craig, Meadow Lake, Querencia at Barton Creek, Wesley Court (Texas); and Newcastle Place (Wisconsin).

Differentiator

Problem solved

Functional benefit

Products and services

• Lifespace Communities Continuing Care Retirement Community (CCRC) Network A network of 15 not-for-profit Continuing Care Retirement Communities (CCRCs) operating across 7 U.S. states, offering a full continuum of care — independent living, assisted living, memory care, skilled nursing, and rehabilitation — to senior residents and their families.
• Life Care Contract A cost-management plan for long-term care in which residents pay a one-time entrance fee and monthly service fees, locking in predictable care costs for life — including assisted living, memory care, and skilled nursing — at rates below market, delivered by familiar staff within the community.
• Wellness Programs Holistic wellness initiatives addressing intellectual, spiritual, physical, and social capabilities to help residents align their lifestyle with personal goals for growth and fulfillment, offered across all Lifespace communities.
• Abbey Delray South (Delray Beach, Florida) A Lifespace senior living community in Delray Beach, Florida focused on creating a friendly community environment with good friends and supportive neighbors (closed April 2025).
• Harbour's Edge (Delray Beach, Florida) A Lifespace senior living community in Delray Beach, Florida offering apartment homes, friendly staff, and a full continuum of care services.
• The Waterford (Juno Beach, Florida) A Lifespace senior living community in Juno Beach, Florida providing an authentic coastal living experience with engaging activities and quality care services.
• Village on the Green (Longwood, Florida) A Lifespace senior living community in Longwood, Florida offering good friends, possibilities, and an always interesting life with personalized attention and care.
• Beacon Hill (Lombard, Illinois) A Lifespace senior living community in Lombard, Illinois where residents seize opportunities, embrace adventure, and live with freedom in a vibrant community environment.
• Oak Trace (Downers Grove, Illinois) A not-for-profit Life Care community in Downers Grove, Illinois focused on belonging, vital roles, and purposes to fulfill.
• GreenFields of Geneva (Geneva, Illinois) A Lifespace senior living community in Geneva, Illinois offering beautiful apartments, vibrant lifestyle, and access to downtown Geneva through the Gems of Geneva Program.
• Claridge Court (Prairie Village, Kansas) A Lifespace senior living community in Prairie Village, Kansas offering an elegant lifestyle for those who want to live well with ambition and purpose in a venerable neighborhood.
• Friendship Village of Bloomington (Bloomington, Minnesota) A Lifespace senior living community in Bloomington, Minnesota offering a liberating lifestyle with wellness woven in, featuring friendship, fulfillment, growth, and pampering services.
• Friendship Village of South Hills (Upper St Clair, Pennsylvania) A Lifespace senior living community in Upper St Clair, Pennsylvania where residents stay active, engaged, and pursue growth and continuing impact.
• The Craig (Amarillo, Texas) A Lifespace senior living community in Amarillo, Texas focused on improving lives of seniors through innovative approaches and top-of-the-line amenities with personalized care.
• Meadow Lake (Tyler, Texas) A Lifespace senior living community in Tyler, Texas situated on 92 acres offering a private residential neighborhood focused on outdoor beauty and quality care.
• Querencia at Barton Creek (Austin, Texas) A Lifespace senior living community in Austin, Texas celebrated as a prestigious senior living neighborhood inspired by Texas Hill Country.
• Wesley Court (Abilene, Texas) A Lifespace senior living community in Abilene, Texas offering executive and garden homes, independent and assisted living apartments, and private nursing care rooms on 70 landscaped acres.
• Newcastle Place (Mequon, Wisconsin) A Continuing Care Retirement Community (Life Plan Community) in Mequon, Wisconsin offering engaging activities, friendly neighbors, and a full continuum of on-site care.

Quantifiable outcome

• 12 of 15 communities' health centers ranked among America's Best Nursing Homes for 2026 by U.S. News & World Report
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• AgeTech Collaborative from AARPcoreStrategic or Co-development Partner · 1 April 2024Lifespace Communities is a participant in the AgeTech Collaborative from AARP, an innovation ecosystem bringing together cutting-edge thinkers in the longevity tech space. The collaboration focuses on championing meaningful innovation for older adults and positions Lifespace as a leader in senior living technology adoption.
• WorkdaycoreTechnology or IntegrationLifespace has transitioned from Coupa to Workday's supplier portal for invoice management and procurement. The Workday Supplier Portal is now live for all supplier interactions, replacing the previous Coupa system.
• Wellmark (Blue Cross Blue Shield)minorOthersWellmark Blue Cross Blue Shield provides machine-readable files for negotiated service rates and out-of-network allowed amounts as part of Federal Transparency in Coverage Rule compliance.

Scale indicators5 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Sunrise Senior Living: Sunrise is a leading senior living operator with communities across the U.S. and internationally offering assisted living, memory care, independent living, and coordination of skilled nursing. Directly comparable on full-continuum senior living services, although Sunrise is for-profit rather than nonprofit.
• Atria Senior Living: Atria is a large for-profit senior living operator offering independent living, assisted living, and memory care across more than 200 communities in the U.S. and Canada. Directly comparable on multi-state senior living operations and continuum of care, though not on nonprofit/CCRC structure.
• Five Star Senior Living: Five Star Senior Living operates independent living, assisted living, memory care, and skilled nursing communities across 30+ states. Comparable to Lifespace on full continuum of care and multi-state senior living operations, with similar resident demographics.
• WesleyLife: WesleyLife is a nonprofit faith-based senior living organization operating CCRCs and services across Iowa and surrounding states. Directly comparable to Lifespace's nonprofit CCRC model and Midwestern presence.
• Life Care Services (LCS): LCS is the nation's largest operator of senior living communities and previously managed Lifespace Communities until 2005. It operates numerous Life Care/CCRC communities for both nonprofit and for-profit owners, making it the closest operational and structural comparable.
• Acts Retirement-Life Communities: Acts Retirement is one of the largest nonprofit CCRC operators in the U.S., operating 26+ continuing care retirement communities across 9 states on the East Coast and beyond. Closely comparable to Lifespace in nonprofit CCRC model, Life Care contracts, and multi-state footprint.
• Ascension Living: Ascension Living is the nonprofit senior living subsidiary of Ascension Health, operating CCRCs, assisted living, and skilled nursing across multiple states. Highly comparable to Lifespace as a nonprofit, faith-affiliated CCRC operator at meaningful scale; Lifespace CEO Jesse Jantzen previously held leadership roles there.
• Presbyterian Senior Living: Presbyterian Senior Living is a nonprofit faith-affiliated operator of CCRCs and senior living communities primarily in Pennsylvania, Maryland, and New York. Closely matches Lifespace's nonprofit CCRC structure, Life Care offerings, and continuing care continuum.
• Otterbein SeniorLife: Otterbein SeniorLife is a nonprofit senior living provider in Ohio and Indiana offering CCRCs, independent living, assisted living, memory care, and skilled nursing. Comparable in nonprofit CCRC model and Midwestern footprint.

Broad incumbents

• Brookdale Senior Living: Brookdale is the largest senior living operator in the U.S. with ~640 communities across 41 states offering independent living, assisted living, memory care, and continuing care. Comparable on senior living services and continuum-of-care breadth but operates at a much larger scale and is for-profit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/LifespaceCareer
• Facebookfacebook.com/LifespaceCommunities
• LinkedInlinkedin.com/company/lifespacecommunities

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lifespace Communities