Erickson Senior Living - Budget Seniors

🔑 10 Key Takeaways at a Glance

1. Who owns Erickson Senior Living? Redwood Capital Investments, LLC purchased the company out of bankruptcy in 2009 for $365 million, and Redwood is the family office of Jim Davis, co-founder of the global talent management firm Allegis Group.

2. Who is the chief executive officer? R. Alan Butler has served as CEO since 2010, also having previously served as president of Redwood Capital Investments.

3. How many locations exist? Erickson Senior Living currently operates 24 communities across 11 states, with multiple new developments in active construction.

4. Where is the corporate office? Erickson Senior Living is headquartered in Catonsville, Maryland (part of the greater Baltimore metro area).

5. What does it cost? Entrance fees typically range from $100,000 to $500,000 or more, with monthly fees between $2,000 and $5,000 depending on community and floor plan.

6. Is there a Colorado location? Yes. Wind Crest in Highlands Ranch, Colorado, is a gated, active 62+ community and the state’s largest continuing care retirement community.

7. How much does assisted living cost in Las Vegas? According to Genworth’s 2024 Cost of Care Survey, assisted living in Las Vegas averages $4,523 per month, well below the national average. Note: Erickson does not operate a community in Las Vegas.

8. What careers are available? The company employs approximately 15,000 people across roles in nursing, dining, operations, finance, resident services, and administration.

9. How many residents does Erickson serve? The network is home to more than 30,000 residents across its managed communities nationwide.

10. Is Erickson still expanding? Absolutely. The company anticipates adding more than 5,000 residences to its inventory over the next five years, with new communities under construction in Florida, Maryland, and Tennessee.

Redwood Capital Investments Owns Erickson Senior Living — Here’s Why That Matters

Most families researching Erickson never learn this critical detail: the company is not publicly traded, and it’s not a nonprofit. Erickson filed for Chapter 11 bankruptcy in 2009 after operating a billion-dollar portfolio of properties, and the majority of its assets were purchased by Redwood Capital Investments, LLC for $365 million. A new entity, Erickson Living, was created as a subsidiary of Redwood.

So who exactly is behind Redwood? The group is headed by James C. (Jim) Davis, a longtime business partner of Baltimore Ravens owner Steve Bisciotti, and together they founded what became the $6-billion international staffing company Allegis Group. In 2022, Redwood Capital Investments also added an ownership stake in LCS, another major senior living provider, though the two brands operate independently.

Why this matters for you: Understanding ownership tells you where the financial incentives lie. Redwood is a diversified private holding company, not a senior-care-focused nonprofit. Individual communities like Wind Crest operate under separate nonprofit entities that are solely responsible for fulfilling financial commitments to residents, which adds a layer of protection, but the management and development decisions roll up to a for-profit parent.

📋 Ownership Detail	What You Should Know
Parent company	Redwood Capital Investments, LLC
Owner	Jim Davis (Allegis Group co-founder)
Bankruptcy history	Chapter 11 filed in 2009; acquired for $365M
Structure	For-profit parent; individual communities operate as nonprofits
Also owns	Stake in LCS (another top-50 senior living operator)
Revenue (2025 est.)	Approximately $2.2 billion

R. Alan Butler Has Led Erickson as Ceo Since 2010 — Over 15 Years and Counting

The leadership question comes up constantly. Alan Butler became CEO in 2010 after spending 14 years as treasurer of Allegis Group, Inc., one of the largest talent management companies in the world, and also served as president of Redwood Capital Investments. His background is primarily in corporate finance, real estate, and investment management rather than clinical healthcare, which is a notable distinction worth understanding.

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Butler’s career also includes various credit and lending positions at Bank of America from 1986 to 1996, and he has served on numerous boards including the Baltimore Area Council of the Boy Scouts of America and the University of Maryland Medical Center.

Under his leadership, the company has grown from a bankruptcy-era recovery operation to a national powerhouse. Butler has publicly shared his strategic vision, noting that Erickson has not slowed its development pipeline even during economic headwinds and continues to pursue opportunities in new markets.

🏢 Ceo Profile	Details
Full name	R. Alan Butler
Title	Chief Executive Officer
Tenure	Since 2010 (15+ years)
Background	Corporate finance, real estate, investment management
Previous roles	Treasurer at Allegis Group; President of Redwood Capital
Key boards	University of Maryland Medical System (board chair)

Erickson Operates 24 Communities Across 11 States — Full Location Breakdown

One of the most common frustrations families face is finding a clear, complete list of every Erickson Senior Living community. The company manages communities in Colorado, Florida, Kansas, Maryland, Massachusetts, Michigan, New Jersey, North Carolina, Pennsylvania, Texas, and Virginia. Here is the comprehensive state-by-state breakdown based on all available data:

📍 State	Community Name(s)
Colorado	Wind Crest (Highlands Ranch)
Florida	Siena Lakes (Naples), Devonshire at PGA National (Palm Beach Gardens), Emerson Lakes (Lakewood Ranch) 🔨 under construction
Kansas	Tallgrass Creek (Overland Park)
Maryland	Charlestown (Catonsville), Oak Crest (Parkville), Riderwood (Silver Spring), The Grandview (Bethesda) 🔨 opening late 2025–2026
Massachusetts	Brooksby Village (Peabody), Linden Ponds (Hingham)
Michigan	Fox Run (Novi)
New Jersey	Cedar Crest (Pompton Plains), Lantern Hill (New Providence), Seabrook (Tinton Falls)
North Carolina	Windsor Run (Matthews)
Pennsylvania	Ann’s Choice (Warminster), Ashby Ponds (Ashburn, VA area*)
Texas	Eagle’s Trace (West Houston), Highland Springs (North Dallas)
Virginia	Greenspring (Springfield), Ashby Ponds (Ashburn), Avery Point (Richmond)

Expansion alert: Erickson is also pursuing a development in Franklin, Tennessee (Williamson County), which was recently approved by the Franklin Planning Commission and is expected to break ground around 2027. Additionally, a proposed 62-acre community in Clarksville, Maryland (Howard County) received zoning board approval in 2025.

Erickson Senior Living Costs Explained — The Two-Part Price Structure Most People Misunderstand

This is where families get caught off guard. Erickson does not use a simple monthly rent model. Instead, there are two distinct financial components, and understanding both is absolutely critical before signing anything.

Part 1: The entrance fee. This is a one-time, upfront deposit that typically ranges from $100,000 to over $500,000, depending on community, floor plan size, and location. At the newest Emerson Lakes community in Florida, entrance fees start at around $400,000 and can exceed $1 million depending on the floor plan selected. The critical detail: most Erickson communities offer a 80% to 90% refundable entrance fee plan, meaning that percentage is returned to you or your heirs when you move out or pass away, once a new resident occupies the unit.

Part 2: The monthly service fee. This covers dining, utilities, maintenance, security, transportation, and access to amenities. Monthly fees generally range from $2,000 to $5,000. At Devonshire in Florida, the second-person monthly service fee is $2,894. At Lantern Hill in New Jersey, the second-person fee is $1,500 per month. Wind Crest in Colorado lists a second-person monthly service fee of $1,335.

The part nobody tells you: Assisted living at Wind Crest carries a separate $2,000 community fee plus a base monthly fee starting from $7,260, with additional costs based on individual care needs. This is significantly higher than the independent living monthly fee, and it’s a cost jump many families don’t anticipate until it’s needed.

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💰 Cost Component	Typical Range	What’s Included
Entrance fee	$100,000 – $1,000,000+	Secures your apartment; 80–90% refundable
Monthly service fee	$2,000 – $5,000	Dining, utilities, maintenance, security, transportation
Second person add-on	$1,335 – $2,894/month	Varies by community
Assisted living	$7,260+/month	Care plan, residence, full bath, meals
Annual adjustments	Yes	Fees are typically adjusted annually in relation to operating costs

Assisted Living in Las Vegas Costs $4,523/Month on Average — But Erickson Doesn’t Operate There

This is one of the most frequently searched questions alongside Erickson queries, so let’s address it directly. According to Genworth’s 2024 Cost of Care Survey, the statewide average cost of assisted living in Nevada is $5,000 per month, while Las Vegas comes in lower at $4,523. That makes Las Vegas one of the more affordable major metro areas for assisted living in the western United States.

The Las Vegas metro area’s overall healthcare costs are roughly 8% lower than the national average, and Nevada is one of nine states with no income tax, which helps retirees stretch their savings further.

However, Erickson Senior Living does not currently have a community in Nevada. The closest Erickson community to Las Vegas would be Wind Crest in Highlands Ranch, Colorado, roughly 800 miles away. If you’re specifically searching for a continuing care retirement community in the Las Vegas area, you’ll need to explore other providers.

🏜️ Las Vegas Senior Care Costs (2024 Genworth Data)	Monthly Average
Assisted living	$4,523
Memory care	~$4,500 – $7,640
Nursing home (semi-private)	$10,205
Home health aide	$27.45/hour (lowest in state)
Adult day care	~$75/day

Wind Crest Is Erickson’s Only Colorado Community — And It’s a 2,000-Resident Mega-Campus

For Colorado-based families, Wind Crest is the only game in town when it comes to Erickson. Situated on a scenic 84-acre campus in Highlands Ranch (south Denver metro), Wind Crest is Colorado’s largest continuing care retirement community, home to over 2,000 residents served by a team of roughly 1,000 employees.

The community features 1,500 independent living apartments and 144 apartments in its continuing care building, which includes a mix of skilled nursing, assisted living, and memory care.

Amenities include seven unique dining venues, a fitness center, swimming pool, and on-campus medical center. The entire campus is connected by climate-controlled enclosed walkways, which is a lifesaver during Colorado’s harsh winter months.

Pricing at Wind Crest: The entrance fee structure is a 90% refundable model, with a second-person monthly service fee of $1,335. The community operates as Wind Crest, Inc., a nonprofit entity, and the fee schedule is set to change on January 1, 2027.

A detail that brings peace of mind: Wind Crest has a financial assistance policy stating that no one will be asked to leave the community because of a genuine inability to pay.

The Corporate Office Is in Catonsville, Maryland — Not Baltimore Proper

People frequently search for the Erickson corporate headquarters, and it’s worth clarifying the geography. Erickson Senior Living is headquartered in Catonsville, Maryland, which is an unincorporated community in Baltimore County about 8 miles west of downtown Baltimore. This is notably the same location as Charlestown, the company’s very first and flagship community, which was originally a conversion of a Baltimore seminary back in 1983.

The corporate address is distinct from the individual community offices. If you need to reach corporate leadership for escalated concerns, complaints, or business inquiries, communications should be directed to the Catonsville headquarters rather than to individual community management teams.

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Erickson Careers Offer More Than a Paycheck — Education Assistance, Onsite Health Centers, and $8.6 Million in Scholarships

Erickson frequently ranks among the senior living industry’s top employers, and the numbers explain why. The company employs approximately 15,000 people across its network, spanning an exceptionally wide range of roles from certified nursing assistants and sous chefs to regional vice presidents and medical directors.

Employee benefits include education assistance, paid volunteer hours, free on-site health and well-being centers, and a 401(k) with company match. Since 2021, Erickson has awarded an impressive $8.6 million in scholarships to student employees.

Compensation examples from current listings include CNA pay ranging from $20.25 to $24.00 per hour with shift and weekend bonuses, and sous chef positions starting at $60,000 to $68,000 annually with a $4,000 sign-on bonus.

👩‍⚕️ Career Highlights	Details
Total employees	~15,000+ nationwide
Available roles	Nursing, dining, operations, finance, resident services, security, medical
Scholarships awarded	$8.6 million since 2021
Onsite perks	Free health centers, fitness centers, employee dining
401(k)	Company match up to 3% for employees 18+
CNA pay range	$20.25 – $24.00/hour + shift bonuses
Chef pay range	$54,000 – $68,000+ annually
Career site	ericksonseniorlivingcareers.com

Erickson’s Healthcare System Has Earned 5-Star CMS Ratings Four Years Running

Here’s an insight that most articles completely overlook. Erickson operates the largest integrated health and wellness system for residents through the Erickson Health Medical Group, which has earned a 5-star rating from the Centers for Medicare and Medicaid Services (CMS) for four consecutive years.

That 5-star CMS designation is the highest quality rating available and places Erickson’s healthcare operations in the top tier nationally. They also offer proprietary Medicare Advantage plans through Erickson Advantage, which provides options including a plan with $0 copays for primary and specialist visits, specifically designed for residents, plus a dedicated plan for veterans that works alongside TriCare benefits.

The company continues to expand its home health support so residents can live comfortably in their homes at the communities longer, and is making modifications to continuing care neighborhoods to allow couples to remain together as needs change.

Expansion in 2026 and Beyond — New Communities Are Coming to Florida, Maryland, and Tennessee

Erickson is not resting on its current 24-community footprint. The development pipeline is aggressive:

The Grandview (Bethesda, Maryland): A new 33-acre vertical community on the former Marriott International headquarters site, with the first phase of 247 independent living units scheduled to open late 2025 and a second building of 254 units opening late 2026. At full build-out, it will include up to 1,300 independent living units, 210 assisted living and memory care units, and 50 skilled nursing units.

Emerson Lakes (Lakewood Ranch, Florida): Backed by a $179.8 million construction loan from Capital Funding Group, the first phase includes 319 independent living units. Opening is expected by end of 2026 or early 2027. At full completion, this 87-acre campus will feature over 1,000 units and 130 care suites.

Franklin, Tennessee: The Franklin Planning Commission approved the development plan for a proposed 75-acre site in Williamson County with up to 1,250 independent living units and 175 continuing care beds. Groundbreaking is projected for 2027.

Limestone Valley (Clarksville, Maryland): A proposed 62-acre community in Howard County received zoning board approval, now moving into the site development plan phase.

🔨 Upcoming Expansion	Location	Status	Projected Opening
The Grandview	Bethesda, MD	Phase 1 nearing completion	Late 2025 (Phase 1), Late 2026 (Phase 2)
Emerson Lakes	Lakewood Ranch, FL	Under construction	Late 2026 / Early 2027
Franklin community	Franklin, TN	Planning approved	~2029
Limestone Valley	Clarksville, MD	Zoning approved	TBD

Frequently Asked Questions (Faqs)

Is Erickson Senior Living a nonprofit or for-profit company? The parent structure is for-profit under Redwood Capital Investments. However, individual communities are supported by National Senior Communities (NSC), one of the largest systems of not-for-profit continuing care retirement communities in the United States. Each community operates as a separate nonprofit entity responsible for its own financial obligations to residents.

What happens to my entrance fee if I leave or pass away? If a resident moves out or passes away, a percentage of the deposit is returned to them or their heirs when a new tenant for the apartment is found. Most communities offer 80% to 90% refundable entrance fee options.

What is the minimum age to move in? Most Erickson communities require residents to be at least 62 years old, though this can vary slightly by location.

Does Erickson accept Medicaid or Medicare? Erickson communities accept Medicare and offer their own Medicare Advantage plans through Erickson Advantage. Medicaid coverage for assisted living varies by state, and not all states allow Medicaid funds for long-term care in continuing care communities.

What is the Erickson Health Medical Group? It’s Erickson’s proprietary, on-campus healthcare system staffed by physicians who specialize exclusively in senior care. The platform provides concierge-style services where providers develop personal relationships with each resident to understand their individual health needs.

Are pets allowed at Erickson communities? Many Erickson communities are pet-friendly, though specific policies vary by location. Wind Crest in Colorado, for example, features a dog park on campus.

Can I tour a community before committing? Yes, all Erickson communities offer both in-person and virtual tours. You can also request a free brochure with floor plan and financial details before visiting.

This article was researched using data from the Centers for Medicare and Medicaid Services (CMS), Genworth Financial Cost of Care Survey (2024), the American Seniors Housing Association (ASHA), PitchBook financial records, Senior Housing News, and Erickson Senior Living’s official corporate disclosures. All cost figures are subject to change and should be verified directly with individual communities for the most current pricing.

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