Brookdale Carriage Club Providence
5800 Old Providence Road, Charlotte, North Carolina 28226 · Community website
- Operator:
- ARCLP – Charlotte, LLC (Brookdale Senior Living Inc.)
- Ownership:
- For-profit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 1988
Wholly owned by Brookdale Senior Living Communities, Inc., a subsidiary of NYSE-listed Brookdale Senior Living Inc. (BKD); the provider owns the real estate.
- Rental
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the North Carolina Department of Insurance.PDF
At a glance
Entrance fee, one person, every plan
Refund plans offered
Days cash on hand
Read the note on this figure
Counts $24.2M of cash (p30): $12.5M cash plus $11.7M the balance sheet shows as restricted cash (the DOI operating reserve and lender reserves, p48). Cash alone would cover about 221 days of the same expenses. The provider keeps no operating cash of its own; operations are funded through the parent, which took $5.4M in net member distributions in 2025 (p46, p48).
Independent living occupancy
Nursing care, CMS overall rating
What care costs later
How each contract prices assisted living and nursing if you need them. The contract type decides most of what a long stay costs.
- Rental: No entrance fee and no promise of future care.
How the contract types compare
Rental
Assisted living (Coach House), memory care (the Arbors) and the healthcare center are on campus and available at an additional fee to the extent space is available. No care days, discount or priority are promised in the contract.p. 20
- Assisted living
- Charged in addition to the monthly fee; rates not disclosed.
- Nursing care
- Charged in addition to the monthly fee; rates not disclosed.
| Independent living | 275 |
|---|---|
| Assisted living | 56 |
| Memory care | 34 |
| Nursing care | 42 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
The 2026 filing lists no entrance-fee schedule. What it says about the contracts:
One rental Residency Agreement: no entrance fee, a one-time non-refundable Community Fee ($5,250–$6,250) and a monthly fee. Assisted living, memory care and nursing are available on campus at additional charge to the extent space is available; the contract carries no care commitment or discount. One-time community fee: $5,250–$6,250 (p. 24), non-refundable unless state law requires otherwise; refunded only on rescission within 30 days or if death, illness or incapacity prevents move-in (p. 183) — not an entrance fee.PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency Agreement (rental) · Rental (6 prices, $4,285 to $7,530)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Magnolia – Efficiency/Studio | Independent living | $4,285 to $5,270p. 22 | $975 |
| Gardenia – One Bedroom, One Bath | Independent living | $4,960 to $6,300p. 22 | $975 |
| Cherry Blossom – One Bedroom, One Bath Deluxe | Independent living | $5,210 to $6,300p. 22 | $975 |
| Dogwood – Two Bedroom, Two Bath | Independent living | $5,670 to $7,070p. 22 | $975 |
| Jasmine – Two Bedroom, Two Bath Deluxe | Independent living | $6,235 to $6,865p. 22 | $975 |
| Villas – Two Bedroom, Two Bath | Independent living | $7,225 to $7,530p. 23 | $975 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | 6% | Percent onlyp. 24 |
| 2024 | Independent living | All units | 6.5% | Percent onlyp. 24 |
| 2023 | Independent living | All units | 6% | Percent onlyp. 24 |
| 2022 | Independent living | All units | 12% | Percent onlyp. 24 |
| 2021 | Independent living | All units | 4.5% | Percent onlyp. 24 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
No entrance-fee refund plan: residents rent.
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Balance sheet: ARCLP – Charlotte, LLC d/b/a Brookdale Carriage Club Providence (stand-alone).
- Ratios: ARCLP – Charlotte, LLC (provider only).
Days cash on hand
429 days FY2025p. 2
- Its lenders’ minimum: Not disclosed in the 2026 filing
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
2.40x FY2025p. 2
- Its lenders’ minimum: Not disclosed in the 2026 filing
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Read with these figuresCounts $24.2M of cash (p30): $12.5M cash plus $11.7M the balance sheet shows as restricted cash (the DOI operating reserve and lender reserves, p48). Cash alone would cover about 221 days of the same expenses. The provider keeps no operating cash of its own; operations are funded through the parent, which took $5.4M in net member distributions in 2025 (p46, p48).
How to read these figures: what each one measures and why a lender’s minimum is a floor, not a target.
Balance sheet and trend
| Fiscal year | FY2025p. 43 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 429 days | 457 days | 415 days |
| Debt service coverage | 2.40x | 1.50x | 0.70x |
| Operating margin | 36% | 31% | 23% |
| Total assets | $89.8 million | $92.5 million | Not disclosed |
| Total liabilities | $62.5 million | $62.6 million | Not disclosed |
| Long-term debt | $60.1 million | $60.5 million | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | Not disclosed | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | $0 | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $27.3 million | $29.8 million | Not disclosed |
Auditor: LBMC, PC. Opinion: Unmodified (clean) opinionp. 43
Occupancy
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024-12 Refinanced: a $27.4 million loan under the mortgage facility repaid $24.9 million of existing mortgage debt; $61.5 million of mortgage debt was outstanding at 12/31/2025, with about $19.7 million due in 2027.p. 51
Nursing care on campus
From CMS Care Compare, data as of 2026-09-01. These are the federal government’s ratings of the nursing center, not ours.
- Overall
- 5 of 5
- Health inspections
- 5 of 5
- Staffing
- 4 of 5
- Quality measures
- 5 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 11. Brookdale Carriage Club Providence on Care Compare
In brief
Brookdale Carriage Club Providence is a for-profit rental CCRC in Charlotte, opened in 1988 and owned by a subsidiary of Brookdale Senior Living Inc., with 275 independent living units plus assisted living, memory care and nursing on one 45-acre campus. There is no entrance fee: residents pay a one-time non-refundable community fee of $5,250 to $6,250 and monthly fees of $4,285 to $7,530, and care is charged separately. Independent living occupancy averaged 85.8% in 2025, up from 66.7% in 2022.PDF
Nearest communities in North Carolina
- Carmel Hills
Charlotte · 2 miles away
Entrance fee: $12,005 to $279,035
- The Sharon at SouthPark
Charlotte · 3 miles away
Entrance fee: $26,500 to $907,300
- The Barclay at SouthPark
Charlotte · 3 miles away
Entrance fee: Not disclosed in the 2026 filing
- Compare Brookdale Carriage Club Providence and Carmel Hills
- Compare Brookdale Carriage Club Providence and The Sharon at SouthPark
- Compare Givens Aldersgate and Brookdale Carriage Club Providence
- Compare Brookdale Carriage Club Providence and Matthews Glen
- Compare Brookdale Carriage Club Providence and Sharon Village Apartments
- Compare Brookdale Carriage Club Providence and Windsor Run
Sources
- Brookdale Carriage Club Providence — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 203 pages · retrieved 2026-10-15
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