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Regent Assisted Living Offers Lifetime Rate Guarantee in Mesa.


Business Editors

PORTLAND, Ore.--(BUSINESS WIRE)--April 5, 2001

Regent REGENT. 1. A ruler, a governor. The term is usually applied to one who governs a regency, or rules in the place of another.
     2. In the canon law, it signifies a master or professor of a college. Dict. du Dr. Call. h.t. 3.
 Assisted Living as·sist·ed living
n.
A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication.
 (Nasdaq:RGNT) has created a Lifetime Rate Guarantee Program for its newest community, Citrus Park in Mesa, announced vice president of sales and marketing Mark Mostow.

During this special promotional period, the plan locks in the apartment rental rate at the time the resident moves in and that rate will remain in effect for the duration of the resident's stay. Current daily rental rates at Regent at Citrus Park range from $72 for a studio to $110 for a two-bedroom apartment. The Lifetime Rate Guarantee Program does not apply to the Kingswood Court Alzheimer's program.

"We have had an incentive program for residents who move into our new communities shortly after opening, but we wanted to expand that incentive with a unique feature," said Mark. "The Lifetime Rate Guarantee means that the monthly apartment rental rate will not increase over the course of that resident's stay -- whether they live with us for two years or 10 years. It's a great savings for long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 residents."

Regent at Citrus Park is located at 7231 E. Broadway Road in Mesa. The

marketing director is Yuri Haglund and she can be reached at 480/807-4700 or at citrusparkmd@earthlink.net.

Regent Assisted Living, Inc., based in Portland, Ore., is an owner, operator and developer of private-pay assisted living communities in the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River
West

Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century
. Assisted living is part of a spectrum of long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 services that provide a combination of housing, personal services personal services n. in contract law, the talents of a person which are unusual, special or unique and cannot be performed exactly the same by another. These can include the talents of an artist, an actor, a writer, or professional services.  and health care. Regent communities are designed to respond to elderly individuals who require assistance with activities of daily living in a manner that promotes independence and allows residents to age in place.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Apr 5, 2001
Words:284
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