Quick Answer
A residential retirement community where a variety of living and medical services are provided to residents who are in need of continuous care and/or supervision. This is generally used by those with financial means which gives an individual or couple the opportunity to “age in place” after buying into the community.
Usually, the purchaser will live in an independent living section which could be a single-family home within the community, or a condo or apartment. As people require care, they can move within the same community to the assisted living section or the nursing home section.