Walt: Excellent pointers! Thank you.
Anyone wondering about expenses, take a look at the WSJ link above, "The Risks" one. They have a nice chart that summarizes the most common contract types, and the costs. There are other contract types they don't mention, but those are a good summary.
CCRCs are expensive. Where they can potentially pay off is under "Nursing Care". If you have the Life Care contract. But also note it is still not "free."
I also liked the discussion about the risks. Last night after I wrote my long post, I took a look at a CCRC's web site that is 1 mile from my house. They are independent (not a big company) and they have an occupant ownership model with no corporate debt. It is interesting to see that bankruptcies have become a concern.
Again, the thing about the ownership model is you also pay taxes. You never see that listed as fees. In my dad's case, that would have been about $900 a month! He's in a very high real-estate tax market. At his age, we opted for rental.