An Arvada senior living facility has doubled the rent for some residents, and only provided a 30-day notice of the change. via AmyWadas
“Everybody suspected they would raise the rent, but not that much,” said one resident who didn’t want to be identified.On Feb. 6, he received a letter in his mailbox stating monthly rent for his apartment will increase from $1,100 a month to $2,200 a month, effective March 1. Arbor View prorated March's rent through March 9 to give residents a 30-day window before the increase.
The letter said the reason for the increase is due to a rise in employee labor wages and higher than normal price inflation across their suppliers and vendors throughout 2022. While the resident says he can afford the hike, he's concerned about depleting his savings. Others, he says, aren't so lucky.Arbor View offers both independent and assisted living, with a total of 92 apartments. Jay Moskowitz, CEO of WellAge Senior Living, which owns Arbor View and multiple senior facilities across the state, says everyone at Arbor View is seeing a rent hike. He says he hasn't raised rent in three years.
Jayla Sanchez-Warren of the Area Agency on Aging says they were contacted by a resident about the price hike. She called the increase very concerning.
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