Former Ascension Living President Danny Stricker launched Chapters Living last August, and in the time since, he has been putting the pieces together on a long-term strategy. Stricker, the co-founder and president of the St. Louis-based senior living operator backed by Green Street Real Estate Ventures, is poised to close the acquisition of a seven-community […]
Brookdale Senior Living (NYSE: BKD) CEO Cindy Baier believes the company is “off to a great start” in 2023, and staffing is a big reason why. Leaders of the senior living operator made progress reducing the company’s staffing agency costs and “evolving” the company’s executive director role to take on more of a “growth mindset.” […]
The University of Washington Men’s rowing team stunned the world by taking a gold medal at the Berlin Olympics in 1936. Nearly 90 years later, Aegis Living has distilled that Olympic spirit at an assisted living community just north of Seattle. The community, located on the east bank of Lake Union, does not simply include […]
LTC Properties (NYSE: LTC) is investing $128 million in 12 assisted living communities as part of a joint venture with one of its current operating partners. Of the $128 million, the Westlake, California-based is putting $117 million toward acquiring a 97% stake in a joint venture with the operator for the purchase of 11 properties. […]
Financings Inspired Healthcare Capital Close Two Before 2023 Inspired Healthcare Capital announced it closed two acquisitions before turning the calendar to 2023. The first community – called Thrive at Augusta – is an 85-unit assisted living and memory care community located in Augusta, Georgia. The second community — called Dancing River — is an 84-unity […]
With resident rates on the rise, many operators have emphasized the need to to demonstrate the value of senior living communities as a way to justify that cost. Doing so is not always easy. Prospects and their loved ones don’t always come to the table with a grasp on what senior living is or why […]
Brandywine Living CEO Brenda Bacon is focused on the next iteration of intergenerational living — but to achieve it, she is going back to her roots and taking inspiration from a slightly older way of life. With its most recent intergenerational development in the D.C.-area market of North Bethesda, Maryland, Brandywine is aiming to connect […]
When CA Ventures launched Anthology Senior Living 2018, Justin Dickinson figured the new company’s president, Ben Burke, wouldn’t be going anywhere for a while. In 2021, Dickinson joined Waterton, the parent company of Pathway to Living, to ultimately lead the senior living operator after the departure of co-founder and former CEO Jerry Finis. Then, earlier […]
With a planned project in the Washington, D.C. market, Benchmark Senior Living is forging ahead with among its first projects outside of New England. But for Benchmark Founder, Chairman and CEO Tom Grape, that growth strategy is more than two decades in the making. “This is Benchmark’s 25th year, and for all 25 I’ve been […]
Improvements in senior housing fundamentals for Welltower (NYSE: WELL) are creating a “strong setup for 2023,” according to CEO and Chief Investment Officer Shankh Mitra. Specifically, Welltower’s senior housing operators demonstrated historically strong pricing power in Q3 2022, and Mitra is even more excited about positive workforce trends. “We strongly believe the labor market is […]
