The Cypress of Raleigh
8801 Cypress Lakes Drive, Raleigh, North Carolina 27615 · Community website
- Operator:
- The Cypress of Raleigh Club, Inc. and The Cypress of Raleigh, LLC (managed by Life Care Services LLC)
- Ownership:
- Mixed nonprofit and for-profit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 2008
Members own their Villa or Cottage as condominiums and, through The Cypress of Raleigh Owners' Association, Inc. (501(c)(3)), the common property including the Clubhouse and The Rosewood health center. The Club (501(c)(4) nonprofit) and The Cypress of Raleigh, LLC (developer, receives the 10% Membership Fee) hold the Membership Agreements; Life Care Services LLC manages day-to-day operations.
- Equity
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
Debt service coverage is left blank: FS-1 prints 187.08x for FY2025, but the only debt is vehicle leases (FS-1 footnote, p2), so the ratio says nothing about the community's ability to carry debt. Days cash includes the reserves held under state statute ($6.4M) and the asset replacement reserve ($8.4M); unrestricted cash and cash equivalents alone were $905,060 at year-end, about 11 days.
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.
- Equity: You buy your unit.
How the contract types compare
EquityThe filing calls it Cypress Membership Agreement; we class contracts by how care is priced (our definitions).
For Membership Agreements signed on or after January 1, 2025, the included care was cut from 90 to 45 lifetime cumulative days in The Rosewood at the regular Monthly Payment; agreements signed before that date keep 90 days. During those days Members pay only extra meals and any room upgrade; after them they pay daily Member rates (2026: $220 private assisted living, $280 semi-private nursing) on top of the Monthly Payment, versus $365 and $450 for non-members. If The Rosewood is full the Club pays any extra cost of care elsewhere.p. 28
- Assisted living
- 45 lifetime cumulative days at the regular Monthly Payment plus $76/day (private suite upgrade + 2 meals); after that $220/day Member rate (private AL suite) plus the Monthly Payment less an absence credit until the home is resold; non-member rate $365/day
- Nursing care
- 45 lifetime cumulative days at the regular Monthly Payment plus $26/day for 2 extra meals (semi-private); after that $280/day Member rate (semi-private) plus the Monthly Payment less an absence credit until the home is resold; non-member rate $450/day
- Care days included
- 45
| Independent living | 319 |
|---|---|
| Assisted living | 4 |
| Memory care | Not disclosed in the 2026 filing |
| Nursing care | 57 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Residents buy their homes here rather than pay an entrance fee.
Residents buy a Villa or Cottage at a resale price set between seller and buyer (p36) and pay a separate, non-refundable Membership Fee of 10% of the gross purchase price to The Cypress of Raleigh, LLC at closing; each later buyer pays it again (Section 21.2, p36). There is no entrance fee and no refund (Section 22, p40). Purchasers who signed on or after January 1, 2012 also deposit a $14,000 Operating Reserve Deposit, refundable without interest on resale if unused (p45). Members whose Membership Agreements are signed on or after January 1, 2025 get 45 lifetime cumulative days in The Rosewood at the regular Monthly Payment; agreements signed before that date keep 90 days (pp28, 32). After that, Member daily rates apply on top of the Monthly Payment until the home is resold (p29).PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Cypress Membership Agreement · Equity (28 prices, $3,828 to $6,560)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| The Arbor – Building B Villa | Independent living | $3,828p. 38 | $2,025 |
| The Ascot – Building B Villa | Independent living | $4,274p. 38 | $2,025 |
| The Bayberry I – Building B Villa | Independent living | $4,510p. 38 | $2,025 |
| The Bayberry II – Building B Villa | Independent living | $4,510p. 38 | $2,025 |
| The Camden – Building B Villa | Independent living | $4,919p. 38 | $2,025 |
| The Covington – Building B Villa | Independent living | $4,919p. 38 | $2,025 |
| The Dogwood – Building B Villa | Independent living | $4,857p. 38 | $2,025 |
| The Rosewalk – Building B Villa | Independent living | $5,197p. 38 | $2,025 |
| The Indigo I – Building A & C Villas | Independent living | $3,957p. 38 | $2,025 |
| The Indigo II – Building A & C Villas | Independent living | $3,957p. 38 | $2,025 |
| The Park – Building A & C Villas | Independent living | $4,884p. 38 | $2,025 |
| The Azalea I – Building A & C Villas | Independent living | $5,197p. 38 | $2,025 |
| The Azalea II – Building A & C Villas | Independent living | $5,197p. 39 | $2,025 |
| The Gallery I – Building A & C Villas | Independent living | $5,565p. 39 | $2,025 |
| The Gallery II – Building A & C Villas | Independent living | $5,565p. 39 | $2,025 |
| The Osprey I – Building A & C Villas | Independent living | $5,954p. 39 | $2,025 |
| The Osprey III – Building A & C Villas | Independent living | $5,954p. 39 | $2,025 |
| The Ashcroft – Buildings D & E Villas | Independent living | $4,510p. 39 | $2,025 |
| The Bradford I – Buildings D & E Villas | Independent living | $4,510p. 39 | $2,025 |
| The Bradford II – Buildings D & E Villas | Independent living | $4,510p. 39 | $2,025 |
| The Caldwell – Buildings D & E Villas | Independent living | $4,919p. 39 | $2,025 |
| The Danbury – Buildings D & E Villas | Independent living | $5,059p. 39 | $2,025 |
| The Newport – Buildings D & E Villas | Independent living | $5,197p. 39 | $2,025 |
| The Prescott – Buildings D & E Villas | Independent living | $5,382p. 39 | $2,025 |
| The Holly – Cottage | Independent living | $6,072p. 39 | $2,025 |
| The Laurel – Cottage | Independent living | $6,240p. 39 | $2,025 |
| The Poplar – Cottage | Independent living | $6,240p. 39 | $2,025 |
| The Magnolia – Cottage | Independent living | $6,560p. 39 | $2,025 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | +$227 a month | Dollar change onlyp. 39 |
| 2024 | Independent living | All units | +$258 a month | Dollar change onlyp. 39 |
| 2023 | Independent living | All units | +$392 a month | Dollar change onlyp. 39 |
| 2022 | Independent living | All units | +$214 a month | Dollar change onlyp. 39 |
| 2021 | Independent living | All units | +$91 a month | Dollar change onlyp. 39 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
No entrance-fee refund plan: residents buy their homes, and the membership fee terms are under Entrance fees.
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Balance sheet and ratios: The Cypress of Raleigh Club, Inc. and The Cypress of Raleigh Owners' Association, Inc. (combined).
Days cash on hand
182.08 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
Not disclosed in the 2026 filing
- 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 figuresDebt service coverage is left blank: FS-1 prints 187.08x for FY2025, but the only debt is vehicle leases (FS-1 footnote, p2), so the ratio says nothing about the community's ability to carry debt. Days cash includes the reserves held under state statute ($6.4M) and the asset replacement reserve ($8.4M); unrestricted cash and cash equivalents alone were $905,060 at year-end, about 11 days.
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. 104 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 182.08 days | 165.44 days | 129.82 days |
| Total assets | $34.7 million | Not disclosed | Not disclosed |
| Total liabilities | $2.9 million | Not disclosed | Not disclosed |
| Long-term debt | $16,479 | Not disclosed | Not disclosed |
| Entrance fees not yet earned (deferred revenue) | Not disclosed | Not disclosed | Not disclosed |
| Refunds owed to residents (refundable fee liability) | Not disclosed | Not disclosed | Not disclosed |
| Net position (assets minus liabilities) | $31.8 million | Not disclosed | Not disclosed |
Auditor: Dreher Martin CPAs, P.A.. Opinion: Unmodified (clean) opinionp. 104
Occupancy
Nursing care on campus
We have not linked this community’s nursing center to a CMS record. Nursing centers certified by Medicare can be looked up on CMS Care Compare.
In brief
The Cypress of Raleigh is an ownership community where residents buy a Villa or Cottage and pay a non-refundable membership fee of 10% of the purchase price instead of an entrance fee. At the end of 2025 it had 319 independent homes, 4 adult care home beds and 57 nursing beds in The Rosewood, with independent living 100% occupied. Agreements signed on or after January 1, 2025 include 45 lifetime days of health-center care at the regular monthly payment (down from 90 for earlier agreements), after which Member daily rates below the non-member rates apply.PDF
Nearest communities in North Carolina
- Springmoor Life Care Retirement Community
Raleigh · 2 miles away
Entrance fee: $144,500 to $622,800
- The East Tower at Cardinal North Hills
Raleigh · 5 miles away
Entrance fee: None: rental
- The Oaks at Whitaker Glen
Raleigh · 7 miles away
Entrance fee: $124,000 to $783,000
Sources
- The Cypress of Raleigh — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 261 pages · retrieved 2026-10-15
Each page tab above opens this PDF at the page the figure came from. Spotted a figure that does not match its page? Tell us and it is checked against the filing.