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We have a place like that here in Austin, but an efficiency apartment is about $300,000 and you have to pay monthly fees which are about $3500 per month. I'm sure there are less expensive places like that, but I don't know about them in this area. This really is a good deal if you can afford it because they have independent living, assisted living, nursing home and alzheimer's care and like you said, you only have to buy your apartment when you move in - but the monthly fees would get me. Also, when you die your family gets back 95% of what you paid for the apartment. They also have stand alone homes that you can purchase but they are about $1,000,000.
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 Gayle
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