Maryland CCRC Names New COO Broadmead, a continuing care retirement community in Cockeysville, Md., has recently hired Robin Somers as its new chief operating officer. Somers, a 20-year veteran of the senior living and health care fields, has previously served as the executive director and senior executive director for Fairhaven, another CCRC, as well as […]
In the sales world, it’s called a “micro-yes.” In the senior living world, it’s called guiding a lead. But the idea is the same: Marketers and senior living providers, alike, must guide customers and prospects along through a series of smaller decision points, or micro-yeses, to get to the ultimate yes, which is the purchase […]
Following a year that brought blockbuster acquisitions and record-breaking deal volume, this year’s ranking of the largest senior living providers reflects the growth and consolidation of the top players in the market. Notably, the biggest change in the list is the merging of Brentwood, Tennessee-based Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living Corp. […]
There may be risks facing the senior housing market in the coming months and years, but that isn’t stopping top industry players from keeping an overwhelmingly positive outlook on the sector. Bolstering that attitude is the perfect storm of rising occupancy levels, attractive returns, low cost of capital and assets that are “priced to perfection” […]
Atlanta CCRC Names New CFO, VP of Finance Lenbrook, Atlanta’s only continuing care retirement community (CCRC) to be nationally accredited by CARF-CCAC, has named Dan Dornblaser to the position of chief financial officer and vice president of finance. Lenbrook has also elected Tripp Rawls to serve on its Board of Directors. Dornblaser brings more than […]
As senior housing providers seek ways to capitalize on Americans’ preferences to age in place, technology will become increasingly important in doing so — and could lead to significant cost savings for providers. In fact, more than two in three seniors prefer to use self-care technology to independently manage their health, according to a survey […]
Senior Living Investment Brokerage Facilitates 2 $30 Million Sales In two separate transactions, Senior Living Investment Brokerage facilitated the sale of nine assisted living facilities and five senior housing communities for $29.5 million and $29.125 million, respectively. The first transaction, the Autumn Grove Cottage portfolio, consists of nine assisted living communities with a focus on […]
From a resurgence of the independent living product to expansion opportunities and a positive economic outlook, not-for-profit continuing care retirement communities (CCRCs) face an optimistic future. In fact, optimism has increased significantly from years past, according to the latest annual benchmark survey produced by specialty investment bank Ziegler and Irving, Texas-based Greystone Communities. The survey’s findings […]
Dominion Senior Living Names New Executive Director Dominion Senior Living of Johnson City, Tenn., has welcomed Michelle Bolling as the community’s executive director, as it prepares to open in April. The faith-based senior living community will offer 45 assisted living and 15 memory care apartments. Bolling completed her associate degree at Northeast State Technical Community […]
In its latest move to prod the nation’s largest senior housing provider to spin off its real estate into a real estate investment trust (REIT), Sandell Asset Management Corp. has announced its intention to nominate a slate of candidates to replace three longstanding Brookdale directors. Sandell Asset Management, a shareholder of Brookdale Senior Living (NYSE: […]
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