What happens when it's time to leave

Upon leaving KGRV there are some monies the Operator receives, as well as some that you receive.

Capital Gain

Should you leave KGRV, the Operator is entitled to 50% of any Capital Gain. That is, if the incoming resident pays a higher ingoing contribution/purchase price than the former resident, the Operator receives 50% of the difference.

EXAMPLE: If you paid an ingoing contribution of $500,000 and the next resident paid $650,000, the Capital Gain would be $150,000. Of this Capital Gain, the Operator would receive 50%, which is $75,000.

Departure Fees

In addition to the share of capital gain, the Operator receives a departure fee (or deferred management fee). This fee is calculated on the length of your stay and calculated on a daily basis.