The incoming CEO of Trilogy Health Services intends to keep expanding the company’s private-pay senior living portfolio, but in a conservative manner that she believes gives the provider an edge in highly competitive markets. The Louisville, Kentucky-based company is already in the process of rebalancing its unit mix to include more independent living and memory […]
A forthcoming senior living community in the Southwest is integrating the popular Montessori educational philosophy into its assisted living and memory care programming. As planned, it’s the first senior living community designed from the ground-up with Montessori principles in mind. The effort is notable, particularly as many senior living providers across the U.S. are searching […]
Two senior housing operators — one for-profit and one nonprofit — are taking different approaches to cutting rents and costs to accommodate the demand for a growing middle-market consumer base. Presbyterian Homes & Services Vice President Jon Fletcher and Affinity Living Group CEO Charlie Trefzger shared their strategies during a webinar Tuesday sponsored by the […]
Land & Buildings is again pushing the nation’s largest senior living operator to consider splitting into an operating company and a real estate ownership company, and Brookdale re-affirmed that it has no intention of doing so. The Stamford, Connecticut-based real estate investment firm on Tuesday released yet another open letter to the shareholders of Brookdale […]
Chicago Methodist Senior Services (CMSS) knows a thing or two about forming partnerships that improve its operations and boost its local reputation. The senior housing and care nonprofit is based in the Chicago neighborhood of Andersonville, with five senior housing properties and an office in and around the area. As a smaller, multi-site organization, CMSS […]
Heritage Communities is bringing its flexible model of senior living to the state of Texas for the first time. This will be the 16th community overall for Omaha, Nebraska-based Heritage, which was founded in 2002. The company owns and operates 13 existing properties in Nebraska, Iowa and Arizona, with two others currently in development — […]
James F. “Jay” Flaherty III may be making a return to senior living, if Land & Buildings Investment Management has its way. The Stamford, Connecticut-based real estate investment firm will nominate Flaherty, along with L&B founder and Chief Investment Officer Jonathan Litt, to the board of directors of Brookdale Senior Living (NYSE: BKD) at the […]
New research sheds light on some of the key reasons senior living employees stay in their jobs. And those who feel they make a difference; are positively recognized for their contributions; and trust their peers and supervisors may stick around longer than those who don’t. The research, conducted by senior living research firm Holleran Consulting […]
Aegis Living is hoping to beat the labor crunch and bolster an upcoming growth spurt with an effort aimed at developing a new crop of company leaders. The Bellevue, Washington-based senior living provider on Tuesday launched “Aegis U,” a nine-month education program that will include a mix of community-level and classroom education with a focus […]
Publicly traded and private real estate investment trusts are entering into RIDEA structures with senior housing operators at a level not seen for at least three years. This reflects that REITs have a better understanding of how RIDEA works, after an initial flurry of activity a decade ago, and they are more selective with their […]