Christian Living Communities (CLC) President and CEO Terry Rogers is stepping down from his post at the Englewood, Colorado-based senior living provider and leaving for warmer weather. In April, Rogers will take on a new role as CEO of Orlando, Florida-based senior living nonprofit Westminster Communities of Florida. The organization has 22 senior living locations […]
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In its latest hiring push, Aegis Living has added more leaders from the food, hospitality and retail sectors. The leaders come from multiple companies, and join the Bellevue, Washington-based company as it strives to lead a “wellness revolution,” Aegis Living President Kris Engskov wrote in a LinkedIn post Tuesday. “Aegis Living is leading a wellness […]
With millions of baby boomers reaching retirement age, an evolving landscape for pricing, a red-hot labor market and the looming potential for multiple avenues of disruption, it’s clear the senior living industry faces a new chapter. All of those forces will shape the industry for years to come, requiring that investors, owners and operators be […]
Brookdale Senior Living (NYSE: BKD) will soon close a satellite office near its company headquarters in Brentwood, Tennessee, leaving 58 employees looking for other work. The nation’s largest senior living operator is transitioning responsibilities out of the shuttered office and into the field. The affected employees work in intake and document tracking with Brookdale’s healthcare […]
Frontier Management hit an important milestone last year: its 100th community. While the Portland, Oregon-based senior living operator had been on an upward growth trajectory, its portfolio expanded rapidly last June with the addition of 20 memory care communities owned by real estate investment trust Welltower (NYSE: WELL) and formerly operated by Silverado. Now — […]
With some of its more troubled senior housing tenants on better footing now than in the past, LTC Properties (NYSE: LTC) plans to spend 2020 looking for new opportunities — but current market conditions are all but certain to complicate that goal. The challenge is that, in many markets throughout the U.S., pricing for new […]
Welltower (NYSE: WELL) is launching a new “senior apartment” housing brand called welltowerLIVING, geared toward wellness and social connectivity for the 55-plus crowd. The real estate investment trust (REIT) on Wednesday announced the launch of the product, which also will feature a lower price point than the traditional private-pay senior housing in Welltower’s portfolio. “This […]
National Health Investors (NYSE: NHI) is starting off this year on better footing than it did in 2019, and conditions are steadily improving with its largest operator tenant. But the REIT isn’t out of the woods just yet, as the senior living industry continues to feel the effects of headwinds such as the cost of […]
Commonwealth Senior Living is growing with the goal of enhancing the value of its senior housing portfolio — and that could mean expanding some of the 10 new communities it brought on board last year. The Charlottesville, Virginia-based senior housing operator expects to add three to five communities annually over the next five years. Last […]
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