The Templeton of Cary
215 Brightmore Drive, Cary, North Carolina 27518 · Community website
- Operator:
- Cary Senior Housing I OPCO, LLC, Cary Senior Housing I PROPCO, LLC and Brightmore Senior Living of Cary, LLC (co-providers); managed through Liberty Living Management, LLC
- Ownership:
- For-profit
- Affiliation:
- Not disclosed in the 2026 filing
- Opened:
- 2020
Real estate owned by Cary PROPCO and leased to the operating company Cary OPCO; staff employed by Brightmore Senior Living of Cary; management affiliated with Liberty Healthcare Group.
- Type B (modified)
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
Monthly fee, independent living
Refund plans offered
Days cash on hand
Read the note on this figure
The 51 days rests on $3,330,525 of unrestricted cash and investments. Against a required statutory operating reserve of $7,289,815 that is a deficiency of $3,959,290, which the statement says the community will satisfy with an irrevocable, unconditional letter of credit of $7,289,815 payable to the NC Department of Insurance. The whole $68,852,401 note payable was due to mature on January 30, 2026 and is classified as current; on February 11, 2026 the company entered into a new loan maturing March 2029, with the option to extend for two successive one-year terms, and used it to fully repay that note.
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 B (modified): A set number of care days is included, or care is charged at a stated discount.
How the contract types compare
Type B (modified)The filing calls it Residency and Care Agreement (rental); we class contracts by how care is priced (our definitions).
No care days are included. Each calendar year a resident gets 10% off Healthcare Center fees for the first 30 days of stay (unused days do not carry over); after that, care is at the published per diem, on top of the independent living monthly fee. Residents get priority access to open beds when the closed beds are full.p. 93
- Assisted living
- Published Healthcare Center per diem / monthly rate (assisted living $7,879 single in Table 21.1; average $7,882 standard, $8,516 memory support), with 10% off the first 30 days in the Healthcare Center each calendar year; the independent living monthly fee continues while the apartment is kept.
- Nursing care
- Published per diem ($600 a day private; $18,250 a month in Table 21.1), with the same 10% discount for the first 30 days each year. The three skilled nursing beds were closed in May 2026.
- Discount on care
- 10%
- Priority for a bed
- Yes, residents come before outside admissions
| Independent living | 199 |
|---|---|
| Assisted living | 93 |
| Memory care | 22 |
| Nursing care | 3 |
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:
Rental only: a 13-month Residency and Care Agreement with no entrance fee. Move-in costs are a non-refundable Community Fee and a non-refundable Apartment Selection Fee (each one month's fee) plus a refundable Security Deposit of one month's fee. Health care is at published rates with 10% off the first 30 days in the Healthcare Center each calendar year, so it is mapped to Type B (a thin one).PDF
Monthly fees
What residents pay each month, by contract and level of care. A second person adds the amount shown.
Residency and Care Agreement (13-month rental) · Type B (modified) (6 prices, $6,098 to $18,250)
| Unit | Level of care | Per month, one person | Second person |
|---|---|---|---|
| Independent Living - One-bedroom (807 sq ft) | Independent living | $6,098p. 68 | $1,200 |
| Independent Living - Two-bedroom (1,138 sq ft) | Independent living | $8,135p. 68 | $1,200 |
| Independent Living - Two-bedroom/den (1,363 sq ft) | Independent living | $9,413p. 68 | $1,200 |
| Assisted Living - Standard | Assisted living | $7,882p. 68 | $2,500 |
| Memory Support | Memory care | $8,516p. 68 | $2,500 |
| Skilled Nursing (private) | Nursing care | $18,250p. 20 | Not listed |
Fee increases, year by year
| Year | Level of care | Unit | Increase | Monthly fee, before and after |
|---|---|---|---|---|
| 2025 | Independent living | All units | 5.5% | Percent onlyp. 20 |
| 2024 | Independent living | All units | 4.5% | Percent onlyp. 20 |
| 2023 | Independent living | All units | 8.7% | Percent onlyp. 20 |
| 2022 | Independent living | All units | 5% | Percent onlyp. 20 |
| 2021 | Independent living | All units | 3% | Percent onlyp. 20 |
Refunds
What comes back from the entrance fee when you leave or die, and when it is paid.
The 2026 filing does not set out refund plan terms.
Finances
Whether the organisation behind the community has the cash and income to keep its promises for decades.
- Balance sheet: The Templeton of Cary (combined: Cary Senior Housing I OPCO, LLC, Cary Senior Housing I PROPCO, LLC and Brightmore Senior Living of Cary, LLC).
- Ratios: The Templeton of Cary (co-providers, combined).
Days cash on hand
51 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
1.45x 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 figuresThe 51 days rests on $3,330,525 of unrestricted cash and investments. Against a required statutory operating reserve of $7,289,815 that is a deficiency of $3,959,290, which the statement says the community will satisfy with an irrevocable, unconditional letter of credit of $7,289,815 payable to the NC Department of Insurance. The whole $68,852,401 note payable was due to mature on January 30, 2026 and is classified as current; on February 11, 2026 the company entered into a new loan maturing March 2029, with the option to extend for two successive one-year terms, and used it to fully repay that note.
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. 41 | FY2024p. 2 | FY2023p. 2 |
|---|---|---|---|
| Days cash on hand | 51 days | 34 days | 11 days |
| Debt service coverage | 1.45x | 0.99x | 0.70x |
| Operating margin | 33.69% | 25.85% | 15.72% |
| Total assets | $108.0 million | Not disclosed | Not disclosed |
| Total liabilities | $72.3 million | Not disclosed | Not disclosed |
| Long-term debt | $68.9 million | 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) | $35.7 million | Not disclosed | Not disclosed |
Auditor: Cherry Bekaert LLP. Opinion: Unmodified (clean) opinionp. 41
Occupancy
Events the filing reports
Dated facts the disclosure statement states, such as bond issues, missed covenants or changes of ownership.
- 2026-05 Closed the community's three private skilled nursing units and converted them to assisted living, eliminating all skilled nursing beds.p. 68
- 2026-02 On February 11, 2026, entered into a new loan agreement maturing March 2029 (with the option to extend for two successive one-year terms) and used the proceeds to fully repay the $68,852,401 note payable that was to mature on January 30, 2026.p. 52
- 2024-06 Converted 22 skilled nursing beds to 25 assisted living units, leaving 115 assisted living units and 3 skilled nursing beds.p. 68
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 Templeton of Cary is a for-profit rental continuing care retirement community in Cary, NC with 199 independent living apartments and 115 assisted living and memory support units on a 15.5-acre site; its last three skilled nursing beds closed in May 2026. There is no entrance fee: residents sign 13-month agreements with average 2026 monthly fees of $6,098-$9,413 in independent living, and get 10% off the first 30 days of care each year. It held 51 days of cash at the end of 2025 and refinanced its $68.9M mortgage in February 2026.PDF
Nearest communities in North Carolina
- Glenaire
Cary · 2 miles away
Entrance fee: $87,000 to $1,025,000
- Searstone Retirement Community
Cary · 5 miles away
Entrance fee: $509,000 to $1,224,000
- The Oaks at Whitaker Glen
Raleigh · 9 miles away
Entrance fee: $124,000 to $783,000
Sources
- The Templeton of Cary — 2026 Disclosure StatementNorth Carolina Department of Insurance · filed 2026, fiscal 2025 finances · 105 pages · retrieved 2026-10-15
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