Oak Trace

Name

Oak Trace

Legal name

Oak Trace

Website

https://www.oaktraceseniorliving.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Oak Trace is a continuing-care retirement community that offers assisted living, rehabilitation, and skilled nursing services.

Ownership category

akta.pro rank

Product category

Continuing Care Retirement Community (Senior Living)

NAICS

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 (62412)

SIC

Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-Home Health Care Services (8082)

akta.pro primary industry

Life Plan / Entrance-Fee CCRCs (HLADAEAA)

akta.pro secondary industries

Continuing Care Retirement Communities (CCRC) with Memory Care (HLADACAD), Multi-Campus / Regional CCRC Networks (HLADAEAF), Independent Living within CCRC Campuses (IL Component) (HLADAAAF)

Keywords

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

Headquarters

HQ city

Downers Grove

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Entrance Fees: Oak Trace operates an entrance fee model (Continuing Care Retirement Community / Life Plan Community). Residents pay a one-time entrance fee upon move-in, which helps cover the cost of care as long as the they live at the community. Many communities offer partially or fully refundable entrance fees.
2. Monthly Fees: Residents pay a predictable monthly fee for regular living expenses including housekeeping, dining, security, concierge services, and access to wellness programs and care services.
3. Respite Care Services: Temporary care services offered to non-residents who need short-term senior care support. Provides access to the health center, amenities, and dining options on a temporary basis.
4. The Lifespace Foundation Support: Philanthropic support through The Lifespace Foundation, the charitable arm of Lifespace Communities, which supports resident well-being and provides benevolent care for residents who outlive their financial resources.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Oak Trace operates a not-for-profit continuing-care retirement community (CCRC) at a single Downers Grove, Illinois campus, delivering independent living, assisted living, memory care, skilled nursing, rehabilitation, homecare, and respite care services. Residents enter through a one-time entrance fee plus monthly service fees under the Life Care model, with priority access to higher care levels as needs change. The community also extends temporary respite care to non-residents needing short-term senior care.

Product overview

Oak Trace is a senior living community offering a continuum of care through its Life Care (CCRC) model, which provides multiple living and care options within a single community. The product portfolio includes Independent Living for active seniors seeking a maintenance-free lifestyle; Assisted Living for those needing help with daily tasks; Memory Care for individuals with Alzheimer's or dementia; Skilled Nursing for around-the-clock medical care; Rehabilitation services for post-surgery or illness recovery; Homecare for in-home support; and Respite Care for temporary stays. Residents can transition between care levels as their needs evolve without leaving the community, with Life Care residents receiving priority access to all services at predictable costs.

Differentiator

Problem solved

Functional benefit

Products and services

• Assisted Living Personalized support with daily activities such as bathing, dressing, medication management, and grooming for seniors needing occasional assistance while maintaining independence.
• Independent Living Residential living option for active seniors seeking a maintenance-free lifestyle with amenities, housekeeping, dining, and access to community activities and future care levels.
• Memory Care Specialized secure neighborhood for individuals with Alzheimer's disease or other dementias, offering personalized routines, therapeutic design, creative therapies, and family involvement.
• Skilled Nursing 24/7 medical care and clinical oversight for seniors with chronic conditions or those recovering from illness or surgery, including physical, occupational, and speech therapy services.
• Rehabilitation Individualized therapy plans for recovery from surgery, illness, or injury led by licensed physical, occupational, and speech therapists to restore mobility, balance, and everyday function.
• Homecare In-home care services for seniors who prefer to receive support while living independently, offering assistance with daily tasks and healthcare needs.
• Respite Care Temporary care services providing caregivers relief while offering their loved ones access to community amenities, dining, and health center services on a short-term basis.
• Life Care (CCRC) Continuing Care Retirement Community model providing a continuum of care from independent living through skilled nursing, allowing residents to age in place with predictable costs and priority access to all care levels within the same community.

Quantifiable outcome

• Residents can stay in one location even as their care needs evolve, avoiding disruption or relocation.
• +2 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• The Lifespace FoundationcoreStrategic or Co-development PartnerThe Lifespace Foundation is the charitable arm of Lifespace Communities, founded almost 30 years ago. It supports successful and purposeful aging and provides peace of mind for residents knowing they have a home for life. The Foundation funds enhanced programming, activities, adaptive accessories, team member emergency funds, and provides benevolent care for residents who outlive their financial resources. Oak Trace's local Foundation Advisory Committee encourages active resident participation in reviewing funding requests.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Lifespace Communities: Parent organization and operating network for Oak Trace. Operates multiple sister continuing-care communities nationally with the same Life Care/entrance-fee model, shared back office, and The Lifespace Foundation support.
• Life Care Services (LCS): Large US operator/manager of continuing-care retirement communities using the Life Care contract and entrance-fee model. Direct competitor in the CCRC model and third-party management space.
• Five Star Senior Living: Operates independent living, assisted living, and memory care communities; also provides services to CCRCs. Comparable resident services and acuity spectrum in Midwest markets.
• Presbyterian Homes (Presbyterian Living): Not-for-profit CCRC and Life Plan Community operator with full continuum of care including skilled nursing. Highly comparable mission, structure, and product mix to Oak Trace.
• Belmont Village Senior Living: Operator of upscale senior living communities offering assisted living and memory care, particularly strong in Chicago and other major metros. Direct competitor for similar affluent residents.

Broad incumbents

• Brookdale Senior Living: Largest US senior living operator with independent living, assisted living, memory care, and skilled nursing communities across the country. Comparable product breadth but operates at much greater scale and without CCRC entrance-fee model in most locations.
• Atria Senior Living: Major national senior living operator with independent living, assisted living, and memory care. Competes in the Chicago metropolitan market for similar upper-middle and affluent seniors.
• Sunrise Senior Living: National senior living provider with strong memory care and assisted living footprint. Comparable clinical and resident-experience focus but operates broader portfolio without CCRC entrance-fee model.

Regional players

• Friendship Village (Schaumburg): Chicago-area Life Plan Community (CCRC) offering independent living, assisted living, memory care, and skilled nursing. Same metropolitan catchment as Oak Trace; primary difference is slight north/northwest geography.
• The Clare at Water Tower: Chicago-area Life Care/CCRC providing independent living, assisted living, memory care, and skilled nursing in an urban high-rise setting. Overlaps in service mix; differentiated by urban Chicago address versus Oak Trace's suburban Downers Grove campus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OakTraceRetirementCommunity
• LinkedInlinkedin.com/company/oak-trace-senor-living

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Oak Trace