Senior living nonprofit Transforming Age is opening a second headquarters and taking on 10 new communities in six states as part of the organization’s latest growth push.
The 10 communities are located in Illinois, Colorado, Nebraska, Kansas, Iowa and South Dakota, with one of the communities under construction. The communities span about 1,000 units, and represent a mix of entrance fee and rental models.
To help support its now nearly 70-community portfolio, the Bellevue, Washington-based operator is opening a new headquarters in Omaha, Nebraska.
Slated to join Transforming Age and staff the new headquarters are four senior living leaders currently employed by Essex Corp.: President and COO Frankie Pane, CFO and Partner Julie Bennett, Vice President and Chief Development Officer Camille Burke and Legal Counsel Scott Braasch.
Pane specifically is set to join Transforming Age’s B2B affiliate GSI to work as co-president along with David Knight. Together, they will help accelerate Transforming Age’s real estate development projects, which currently span 11 properties.
Additionally, all of the 10 communities joining the Transforming Age portfolio were previously managed by Essex.
The second headquarters and team will help “enhance Transforming Age’s ability to support its growing Midwest presence, as well as its nationally expanding network of affiliates and partners which now spans 22 states,” CEO Torsten Hirche told Senior Housing News.
“It’s about expanding our non-profit mission and impact. There are 50 million older adults that are going to need services and support across the economic spectrum,” he said. “We are truly dedicated to the mission of transforming the perception of age by creating a holistic and integrated network that enables people to age successfully.”
The second headquarters and new communities represent the latest move in Transforming Age’s ongoing evolution. The company earlier this year created a new affordable housing arm and brand, Circ, by merging the organization formerly known as SHAG, which affiliated with Transforming Age in 2021; and two other Transforming Age-affiliated entities.