Benefits to Covenant members
We believe that a senior living community like Silvergate RSF will fulfill an urgent need. In addition it will bring several indirect benefits to the Rancho Santa Fe Association members:
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Seniors are the fastest growing segment in the Association with more than a hundred members crossing 80 years every year. Currently they have limited opportunities for downsizing and support services.
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Having an option for senior living will also have a significant effect of bringing in younger families into the Covenant because It will enable older residents to move and their homes will come on the market.
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The resulting selling and buying of the homes will update their basis for the Association fees. This will add revenues well beyond the direct effect of the fees paid for the property itself.