After more than seven years in leadership at Canyon Ranch in Tucson, Arizona, Aras Erekul was on the verge of taking a new job in Seattle — and that’s when he received a call from Watermark Retirement Communities Chairman David Freshwater and COO Karen Mlawsky. They asked him to help shape Watermark’s future by creating […]
With new leadership in place, the Revel Communities brand is still focused on elevating independent living with a boutique hospitality approach centered on highly personalized resident experiences. And while Covid-19 created unexpected and serious challenges, the pandemic also helped solidify the culture at Revel and accelerate changes that otherwise would have taken longer to execute, […]
After a turbulent few years, Five Star Senior Living (Nasdaq: FVE) has gained more financial stability — and CEO Katie Potter is now moving the company toward its next evolution, as a provider of “life services” that extend beyond the four walls of senior living communities. With a portfolio of more than 250 communities, Five […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of senior housing, skilled nursing, home health and hospice care. To see this year’s future leaders, visit Future Leaders online. Kristopher Yetman, senior development director at Benchmark […]
Move-in numbers are approaching “normality” as the Covid-19 pandemic stretches into the fall — and to maintain this trend, senior living providers must stay focused on building and maintaining consumer confidence. That’s according to Larry Kutscher, CEO of A Place for Mom, the largest online referral platform for the industry. The company’s latest survey of […]
Covid-19 is accelerating several trends in senior living architecture and design, which could make development projects more costly going forward — but, future residents very well might pay a premium to live in these next-generation, wellness-focused communities. That’s according to Manny Gonzalez, managing principal for the 55-plus practice group at architecture firm KTGY. In this […]
In response to Covid-19, some assisted living providers around the United States are reevaluating their health care offerings and taking steps to increase their clinical capabilities. As the senior living value proposition shifts toward health care, regulations may need to change to keep up. Massachusetts is a prime case in point. There, Covid-19 created a […]
A dramatic increase in business for a new startup, Cohana, suggests just how much Covid-19 has fueled interest in small home-style senior living. Based in Miramar, Florida — in the Miami/Ft. Lauderdale metro area — Cohana was founded in September 2019 by the husband and wife team of David and Jennifer Phillip. In addition to […]
Twenty-three retirement communities have reported first-time payment defaults on municipal bonds in 2020. Since 2009, the retirement sector has never before posted more than 22 defaults in a given calendar year, according to a recently released report from Municipal Market Analytics (MMA). That previous high of 22 was recorded in 2016. So far in 2020, […]
Continuing care retirement community (CCRC) Clare Oaks will be getting a new management company and more assisted living units if a new Chapter 11 restructuring plan is approved. Located in the Chicago suburb of Bartlett, Illinois, Clare Oaks voluntarily filed for Chapter 11 bankruptcy protection in June 2019. Subsequently, Clare Oaks creditors’ committee battled with […]
