The Glebe
200 The Glebe Boulevard, Daleville, Virginia 24083
- Operator:
- Virginia Baptist Homes, Inc. dba LifeSpire of Virginia
- Ownership:
- Nonprofit
- Affiliation:
- Baptist (Baptist General Association of Virginia)
- Opened:
- 2005
The Glebe, Inc. is a subsidiary of LifeSpire of Virginia.
- Type A (life care)
- Type B (modified)
Figures from the 2026 disclosure statement (fiscal 2025 finances), filed with the Virginia State Corporation Commission, Bureau of Insurance.PDF
At a glance
Entrance fee, one person, every plan
Monthly fee, independent living
Refund plans offered
- Standard RefundableCan decline to nothing
- 90% RefundableNever less than 90% of the fee
Days cash on hand
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.
- Type A (life care): Moving to assisted living or nursing leaves your monthly fee essentially unchanged.
- Type B (modified): A set number of care days is included, or care is charged at a stated discount.
How the contract types compare
Type A (life care)
Life-Care residents keep paying their independent-living monthly fee in assisted living, memory support or the Health Care Center, plus two extra meals a day and ancillary charges. If a bed is not available, residents get priority admittance when a room opens.p. 78
- Assisted living
- Same Monthly Service Fee as the residence held at transfer (or the last one held at least a year), plus two additional meals a day and ancillary charges
- Nursing care
- Same Monthly Service Fee plus two additional meals a day and ancillary charges (non-Medicare stay)
- Priority for a bed
- Yes, residents come before outside admissions
Type B (modified)The filing calls it Fee for Service; we class contracts by how care is priced (our definitions).
Fee for Service residents pay the published daily rate for assisted living, memory support and the Health Care Center, less 10%. If a bed is not available, residents get priority admittance when a room opens.p. 45
- Assisted living
- Discounted Daily Rate (published daily rate less 10%); the daily rates themselves are not printed in this statement
- Nursing care
- Discounted Daily Rate (published daily rate less 10%) for a non-Medicare stay
- Discount on care
- 10%
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 162 |
|---|---|
| Assisted living | 32 |
| Memory care | 20 |
| Nursing care | 32 |
Entrance fees
One-person prices as the filing lists them, by contract. A second person usually pays the extra amount shown.
Fee for Service · Type B (modified) (22 prices, $165,000 to $741,000)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Allegheny | Standard Refundable | $165,000p. 14 | $42,000 |
| Allegheny | 90% Refundable | $306,000p. 14 | $76,000 |
| Blue Ridge | Standard Refundable | $220,000p. 14 | $42,000 |
| Blue Ridge | 90% Refundable | $408,000p. 14 | $76,000 |
| Catawba | Standard Refundable | $265,000p. 14 | $42,000 |
| Catawba | 90% Refundable | $490,000p. 14 | $76,000 |
| Draper | Standard Refundable | $268,000p. 14 | $42,000 |
| Draper | 90% Refundable | $500,000p. 14 | $76,000 |
| Elliston | Standard Refundable | $301,000p. 14 | $42,000 |
| Elliston | 90% Refundable | $560,000p. 14 | $76,000 |
| Elliston Deluxe | Standard Refundable | $301,000p. 14 | $42,000 |
| Elliston Deluxe | 90% Refundable | $560,000p. 14 | $76,000 |
| Fairview | Standard Refundable | $397,000p. 14 | $42,000 |
| Fairview | 90% Refundable | $741,000p. 14 | $76,000 |
| Fincastle | Standard Refundable | $349,000p. 14 | $42,000 |
| Fincastle | 90% Refundable | $650,000p. 14 | $76,000 |
| Greyledge | Standard Refundable | $358,000p. 14 | $42,000 |
| Greyledge | 90% Refundable | $668,000p. 14 | $76,000 |
| Hawthorne | Standard Refundable | $361,000p. 14 | $42,000 |
| Hawthorne | 90% Refundable | $675,000p. 14 | $76,000 |
| Santillane | Standard Refundable | $383,000p. 14 | $42,000 |
| Santillane | 90% Refundable | $714,000p. 14 | $76,000 |
Life-Care · Type A (life care) (22 prices, $195,000 to $875,000)
| Unit | Refund plan | Price, one person | Second person |
|---|---|---|---|
| Allegheny | Standard Refundable | $195,000p. 14 | $48,000 |
| Allegheny | 90% Refundable | $363,000p. 14 | $88,000 |
| Blue Ridge | Standard Refundable | $249,000p. 14 | $48,000 |
| Blue Ridge | 90% Refundable | $467,000p. 14 | $88,000 |
| Catawba | Standard Refundable | $291,000p. 14 | $48,000 |
| Catawba | 90% Refundable | $545,000p. 14 | $88,000 |
| Draper | Standard Refundable | $310,000p. 14 | $48,000 |
| Draper | 90% Refundable | $580,000p. 14 | $88,000 |
| Elliston | Standard Refundable | $349,000p. 14 | $48,000 |
| Elliston | 90% Refundable | $650,000p. 14 | $88,000 |
| Elliston Deluxe | Standard Refundable | $349,000p. 14 | $48,000 |
| Elliston Deluxe | 90% Refundable | $650,000p. 14 | $88,000 |
| Fairview | Standard Refundable | $470,000p. 14 | $48,000 |
| Fairview | 90% Refundable | $875,000p. 14 | $88,000 |
| Fincastle | Standard Refundable | $410,000p. 14 | $48,000 |
| Fincastle | 90% Refundable | $767,000p. 14 | $88,000 |
| Greyledge | Standard Refundable | $431,000p. 14 | $48,000 |
| Greyledge | 90% Refundable | $802,000p. 14 | $88,000 |
| Hawthorne | Standard Refundable | $434,000p. 15 | $48,000 |
| Hawthorne | 90% Refundable | $814,000p. 15 | $88,000 |
| Santillane | Standard Refundable | $454,000p. 15 | $48,000 |
| Santillane | 90% Refundable | $846,000p. 15 | $88,000 |
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Fee for Service · Type B (modified) (11 prices, $3,726 to $5,694)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Allegheny | Independent living | $3,726p. 14 | $1,516 |
| Blue Ridge | Independent living | $4,103p. 14 | $1,516 |
| Catawba | Independent living | $4,663p. 14 | $1,516 |
| Draper | Independent living | $4,827p. 14 | $1,516 |
| Elliston | Independent living | $5,207p. 14 | $1,516 |
| Elliston Deluxe | Independent living | $5,207p. 14 | $1,516 |
| Fairview | Independent living | $5,694p. 14 | $1,516 |
| Fincastle | Independent living | $5,586p. 14 | $1,516 |
| Greyledge | Independent living | $5,530p. 14 | $1,516 |
| Hawthorne | Independent living | $5,530p. 14 | $1,516 |
| Santillane | Independent living | $5,585p. 14 | $1,516 |
Life-Care · Type A (life care) (11 prices, $4,360 to $6,954)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Allegheny | Independent living | $4,360p. 14 | $1,833 |
| Blue Ridge | Independent living | $4,949p. 14 | $1,833 |
| Catawba | Independent living | $5,344p. 14 | $1,833 |
| Draper | Independent living | $5,601p. 14 | $1,833 |
| Elliston | Independent living | $6,010p. 14 | $1,833 |
| Elliston Deluxe | Independent living | $6,010p. 14 | $1,833 |
| Fairview | Independent living | $6,954p. 14 | $1,833 |
| Fincastle | Independent living | $6,795p. 14 | $1,833 |
| Greyledge | Independent living | $6,753p. 14 | $1,833 |
| Hawthorne | Independent living | $6,753p. 15 | $1,833 |
| Santillane | Independent living | $6,821p. 15 | $1,833 |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2026 | Independent living | All units | 3.75% | Percent onlyp. 15 |
| 2026 | Assisted living | All units | 4.75% | Percent onlyp. 15 |
| 2026 | Memory care | All units | 4.75% | Percent onlyp. 15 |
| 2026 | Nursing care | All units | 4.75% | Percent onlyp. 15 |
| 2025 | Independent living | All units | 3.95% | Percent onlyp. 15 |
| 2025 | Assisted living | All units | 3.95% | Percent onlyp. 15 |
| 2025 | Memory care | All units | 3.95% | Percent onlyp. 15 |
| 2025 | Nursing care | All units | 3.95% | Percent onlyp. 15 |
| 2024 | Independent living | All units | 4.45% | Percent onlyp. 15 |
| 2024 | Assisted living | All units | 5.45% | Percent onlyp. 15 |
| 2024 | Memory care | All units | 5.45% | Percent onlyp. 15 |
| 2024 | Nursing care | All units | 5.45% | Percent onlyp. 15 |
| 2023 | Independent living | All units | 8% | Percent onlyp. 15 |
| 2023 | Assisted living | All units | 8.5% | Percent onlyp. 15 |
| 2023 | Memory care | All units | 8.5% | Percent onlyp. 15 |
| 2023 | Nursing care | All units | 10% | Percent onlyp. 15 |
| 2022 | Independent living | All units | 5% | Percent onlyp. 15 |
| 2022 | Assisted living | All units | 5% | Percent onlyp. 15 |
| 2022 | Memory care | All units | 5% | Percent onlyp. 15 |
| 2022 | Nursing care | All units | 5% | Percent onlyp. 15 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
Standard Refundablep. 86
A 4% administrative charge is kept; the rest amortizes at 2% a month and nothing is refundable after 50 months. Any refund is paid only after your residence is sold to a new resident who has paid their entrance fee.
- Kept on move-in
- 4% of the fee
- Declines by
- 2% a month for 50 months
- Never less than
- Nothing: it can decline to zero
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
90% Refundablep. 86
A 4% administrative charge is kept; the rest amortizes 1% a month for 10 months, leaving at least 90% of the fee net of the charge. The refund is paid only after your residence is sold to a new resident who has paid their entrance fee; if you later need financial assistance, the refundable balance is applied to your care first.
- Kept on move-in
- 4% of the fee
- Declines by
- 1% a month for 10 months
- Never less than
- 90% of the fee
- Longest wait
- No limit stated
- Paid
- When your unit is re-occupied and the new resident has paid
Refund calculator
Estimated refund: $0 (0% of the fee)
When it is paid: when your unit is re-occupied and the new resident has paid. This applies the plan terms as recorded from the filing, counting a part month as a whole one. The signed contract governs, and charges you owe or care paid for from the fee can be deducted first.
How entrance-fee refunds work, and why the payment date matters
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- The Glebe is part of LifeSpire of Virginia Obligated Group (LifeSpire, The Culpeper, Lakewood, The Chesapeake, The Glebe, The Summit).
- Balance sheet: Virginia Baptist Homes, Inc. dba LifeSpire of Virginia and Subsidiaries (consolidated).
- Ratios: LifeSpire of Virginia Obligated Group.
- Ratios are interim figures, unaudited.
Days cash on hand
266 days FY2025p. 98
- Its lenders’ minimum: 120 daysp. 23
- Industry median: 321 days Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
Debt service coverage
2.31x FY2025p. 98
- Its lenders’ minimum: 1.20xp. 23
- Industry median: 1.80x Ziegler median for fiscal 2022, 132 bond-financed not-for-profit entrance-fee CCRCs
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. 98 | FY2024p. 98 |
|---|---|---|
| Days cash on hand | 266 days | Not disclosed |
| Debt service coverage | 2.31x | Not disclosed |
| Total assets | $561.3 million | $548.6 million |
| Total liabilities | $569.2 million | $576.6 million |
| Long-term debt | $329.7 million | $356.0 million |
| Entrance fees not yet earned (deferred revenue) | $154.4 million | $120.5 million |
| Refunds owed to residents (refundable fee liability) | $56.7 million | $68.3 million |
| Net position (assets minus liabilities) | −$7.9 million | −$28.0 million |
Auditor: CliftonLarsonAllen LLP. Opinion: Unmodified (clean) opinionp. 98
Occupancy
| Level of care | 2025p. 22 |
|---|---|
| Independent living | 97.5% |
| Assisted living | 93.4% |
| Memory care | 95% |
| Nursing care | 93.8% |
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2024-10 The Obligated Group issued a $168,825,000 note (Series 2024A and Entrance Fee Principal Redemption Series 2024B-1/B-2) to refund the Series 2014A bonds and 2021 Taxable Loan and fund expansions at The Glebe and The Summit.p. 18
- 2023-06Credit rating Fitch affirmed LifeSpire’s BBB issuer default rating.p. 6
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
- 5 of 5
- Quality measures
- 5 of 5
Fines recorded by CMS: 0. Health citations since 2023-10-16: 0. THE GLEBE on Care Compare
In brief
The Glebe is a LifeSpire of Virginia community on a 65-acre site in Daleville, Botetourt County, opened in 2005, with 162 independent living, 32 assisted living, 20 memory support and 32 Health Care Center units. It offers a Life-Care contract and a Fee for Service contract (care at the daily rate less 10%), each with a Standard Refundable or 90% Refundable entrance fee; 2026 entrance fees run from $165,000 to $846,000. Finances are reported for LifeSpire and its subsidiaries together, which ended 2025 with a net deficit of $7.9 million; the Obligated Group reported 266 days cash on hand against a 120-day covenant.PDF
Nearest communities in Virginia
- Friendship Retirement Community
Roanoke · 7 miles away
Entrance fee: None: rental
- Brandon Oaks
Roanoke · 12 miles away
Entrance fee: $76,900 to $697,700
- Kendal at Lexington
Lexington · 35 miles away
Entrance fee: $197,900 to $1,578,710
Sources
- The Glebe — 2026 Disclosure StatementVirginia State Corporation Commission, Bureau of Insurance · filed 2026, fiscal 2025 finances · 147 pages · retrieved 2026-10-15
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