Apartment Fee Options

Option I — Rental

Entrance fee is established by the market value of the apartment ($78,500).
Initial payment — Entrance fee for this option is 10% of market value of the apartment.
Monthly maintenance fee is $1,925 (for 2025).

Entrance fee is $78,500.
Initial payment — 10% reverts to St. Paul’s.
90% amortizes over 10 years.
Resident pays normal monthly fee — standard increases apply.
In a higher level of care the unamortized amount may be used to help pay for costs of care.
Example: Value is $78,500, entrance fee is $78,500 — 7,850 reverts to St. Paul’s, $70,650 amortizes over 10 years.

Entrance fee is $78,500 plus 50%.
Initial payment - 10% of entrance fee reverts to St. Paul’s.
40% amortizes over 10 years
Refund is 50% of the amount initially invested.
In a higher level of care the 50% refundable amount and the unamortized amount may be used to help pay for costs of care. For Without Walls Home Care the same applies after 5 years of residency in The Colony.
50% of remaining entrance fee is refunded to resident upon move from St. Paul’s or to resident’s estate upon death once the home is remarketed.
Resident pays normal monthly fee — standard increases apply.
Example: Value is $78,500, entrance fee is $117,750 — $11,775 reverts to St. Paul's, $47,100 amortizes over 10 years, $58,875 refunded.

Entrance fee is $78,500 plus 90%.
Initial payment — 10% of entrance fee reverts to St. Paul’s.
Refund is the 90% of the amount initially invested.
In a higher level of care the 90% refundable amount may be used to help pay for costs of care. For Without Walls Home Care the same applies after 5 years of residency in The Colony.
90% of remaining entrance fee is refunded to resident upon move from St. Paul’s or to resident’s estate upon death once the home is remarketed.
Resident pays normal monthly fee — standard increases apply.
Example: Value is $78,500, entrance fee is $149,150 — $14,915 reverts to St. Paul’s, $134,235 refunded.

Age 72 is based on the oldest occupant of the Accommodation
Pay an amount equal to the value of the Accommodation - $78,500
First 10% reverts to St. Paul’s
Remaining 90% is reserved under resident(s) name, where it remains without amortizing until the oldest occupant turns 72.
At age 72 resident(s) choose option II, III, or IV in writing. If no option is selected in writing, the Entrance Fee will automatically convert to Option II – 10%/90% Amortize Option.
If you leave the Community before age 72, Option II shall apply retrospectively beginning in the month of the Designated Occupancy Date or of Occupancy, whichever is earlier.
We shall refund to you ninety-five percent (95%) of the remaining Entrance Fee if you leave within the first twelve (12) months of Occupancy.
We shall refund to you eighty percent (80%) of the remaining Entrance Fee if you leave after the first twelve (12) months of Occupancy.

Market values for one-bedroom apartments range from $78,500 to $84,000.
Initial payment — 10% Payment is due upon signing the Residency Agreement.
The monthly fee is $1,925 (for 2025). This fee DOES include gas.
Unamortized amounts can be used for a higher level of care. Some restrictions apply.
Refundable amounts can be used for a higher level of care. Some restrictions apply.
95% of the remaining entrance fee will be refunded to the resident if the apartment is vacated for reasons other than death or the need of a higher level of care within twelve (12) months upon remarketing.
80% of the remaining entrance fee will be refunded to the resident if the apartment is vacated for reasons other than death or the need of a higher level of care after twelve (12) months upon remarketing.

Note: Additional fees include electric, phone and cable (cable is $35/month for standard services)