While a number of factors contribute to the success of a senior living community, a crucial piece of the puzzle is strong leadership at the top. Executive directors play a vital role at the helm of their communities, and many share key characteristics of being a good listener, open-minded, and willing to “walk the walk […]
Benchmark Senior Living
Aviv REIT Acquires Five SNFs for $42 Million Aviv REIT, Inc. (NYSE: AVIV) announced this week that it has acquired five post-acute and long-term care skilled nursing facilities (SNFs) located in Ohio and Arkansas in two separate transactions for $42.2 million. Four of the properties are triple-net leased to new Aviv operator Peregrine Health Services […]
Construction: Planned Louisiana Council Approves $17 Million Upscale Retirement VIllage Virginia-based Blake Management Group plans to bring an upscale $17 million assisted living retirement village to Lafayette, La., reports theadvertiser.com. The Lafayette Consolidated Government council Tuesday unanimously approved rezoning a portion of land need for the project to move forward. The 108-unit community will be […]
Through the acquisition of a distressed Massachusetts independent living property in a deal that closed this month, Benchmark Senior Living is solidifying its position in the market for continuing care retirement communities. The second CCRC operated by Benchmark in its 46-property portfolio, the company says it is interested in the product type and is seeking opportunities […]
In the pursuit of new property development, developers today are spending much time and money in working with the communities in which they are building senior living communities—which may be a departure from ways of the past. One New York developer made recent headlines over public benefits included in a project proposal for a memory […]
In the pursuit of new development of senior housing properties, there are plenty of viable sites and financing available, those in the market say, if you know where to find them. From areas characterized more by urban sprawl, such as Houston and Dallas, to the Northeast where suburban areas are more saturated with an aging […]
Construction: Planned Developer Plans to Revamp Former Assisted Living Building Cacace Associates has plans to revamp a former assisted living building into an independent living community for seniors in Bristol, Pennsylvania, phillyBurbs reports. The former Mill Run building on Wilson Avenue was purchased by the Bristol government for $135,000 from its previous Virginia-based owner in […]
Growing up in what she describes as a “very traditional Italian family,” Stephanie Handelson, Benchmark Senior Living’s president and chief operating officer, says she learned early on that girls can do whatever boys can. As the only daughter with four brothers, Handelson says her father always encouraged her to “be all [she] could be.” Handelson’s […]
A common theme is shared by many of the senior living providers recognized by the Assisted Living Federation of America 2013 Best of the Best Awards: a focus on purposeful or meaningful service offerings for residents and their families. Each year, ALFA awards its “best of the best” distinction to companies for 11 different categories […]
The Great Recession can be considered assisted living’s turning point, marking a pronounced shift from being primarily a lifestyle choice to primarily a needs-driven decision for consumers. “Ten to twelve years ago, assisted living was more lifestyle-driven,” says Allison Guthertz, Vice President, Quality Resident Services at Benchmark Senior Living. “These days when residents move in, […]