Watermark Retirement Communities CEO David Barnes remembers the first time he recognized his company could be more inclusive for all. About seven or eight years ago, two gay men visited Watermark’s central office in Tucson, Arizona for advice on conducting market research for building a senior housing community exclusively for lesbian, gay, bisexual, trans and […]
Some senior living providers are standing out in their local markets by catering to residents with unique needs. In particular, two companies — Randall Residence, a senior living provider headquartered in Lawton; Michigan and Wilsonville, Oregon-based Avamere Companies — have developed operational models that blend traditional senior living with services for residents who have experienced […]
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 […]