Resident sorting through his mail.

Greenspring Pricing and Retirement Costs

Our Northern Virginia retirement community strives to make your budgeting and financial planning as quick and easy as possible. That’s why your senior living costs are predictable and manageable at Greenspring—perhaps that’s why we’re one of  Springfield’s most popular retirement communities.


Predictable Senior Living Costs at Greenspring

  1. 90% Refundable Entrance Deposit*
    This one-time 90% Refundable Entrance Deposit secures your maintenance-free independent living apartment home for as long as you live here. It’s 90% refundable to you or to your heirs.
  2. Monthly Service Package
    The cost of your Monthly Service Package is predictable and affordable. Each month, you’ll write just one check to cover most of your typical homeowner expenses.

Betty Inabinett

Here I have just one bill. I know exactly what I’m going to spend each month.

—Betty Inabinett

Financial Stability

Through decades of experience, Greenspring has proved its status as a stable institution where your financial future is secure. Here are just a few examples of our qualifications:

  • A Solid Infrastructure

Greenspring is part of Erickson Living, a network of retirement communities with 30-plus years of expertise in the continuing care retirement community industry. Currently, Erickson Living has 19 communities in 11 states.

  • Nonprofit Benefits

As a not-for-profit community, we reinvest earnings into Greenspring to provide residents with a vibrant, active lifestyle at an affordable cost.

  • Fee-For-Service Convenience

At Greenspring, you won’t pay upfront for health care services that you may never need. Unlike a life care model, we only charge for a higher level of care when and if it’s needed—a plan that could save you and your family thousands of dollars every year that you’re still living independently.

  • Strong Credit Ratings

Greenspring's financial health is solid. Our community received an A+ rating from Fitch. We have ample cash on hand, positive cash flow, and documented operational efficiencies significant indicators of strong financial health.

  • High Occupancy

Greenspring currently boasts over 98% occupancy  We’ve experienced healthy growth and steady demand for exceptional senior living in Northern Virginia since opening in 1998. 

 
  • Home for Life Commitment

Greenspring maintains a Benevolent Care Fund designed specifically to assist eligible residents who outlive their resources. No one has ever been asked to leave the community because of a genuine inability to pay.

*See our Residence and Care Agreement for details.