Senior living providers are facing intense operational and financial challenges — but they must not let these pressures distract them from innovating for the future. That’s according to Jill Vitale-Aussem, president and CEO of Christian Living Communities (CLC) and Cappella Management. “We’re concerned about staffing, we’re concerned about wage escalation, we’re concerned about inflation,” she […]
Jill Vitale-Aussem, the incoming CEO of Christian Living Communities (CLC), is not satisfied with the status quo in senior living. In fact, she wrote an entire book on the topic. The ideas in that book — Disrupting the Status Quo of Senior Living: A Mindshift — are rooted largely in her hospitality background, as a […]
Christian Living Communities (CLC) has tapped Jill Vitale-Aussem as its next president and CEO. Vitale-Aussem is an industry veteran who served for the last two years as president and CEO of The Eden Alternative, the organization founded by Dr. Bill Thomas to drive culture-change and create more person-centered approaches in senior living and care. Prior […]
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 […]
Not-for-profit and for-profit senior living providers are sometimes seen as oil and water — but this is not the case for Christian Living Communities (CLC) President and CEO Terry Rogers. Instead, Rogers sees a world where for-profits and not-for-profits can work together, with the latter leading the way in finding creative new ways to partner […]
The ongoing, unprecedented wave of investors flocking to senior housing is contributing to a widening disconnect between mission-driven operators and investors pushing for larger, faster returns on their investments. Management fees paid to operators have emerged as one battleground leading to strained relationships and struggling projects. The root of the disconnect is in a lack […]
Welltower, Invesco Announce $850M Joint Venture Welltower Inc. (NYSE: WELL) and global real estate manger Invesco Real Estate (“Invesco”) announced an $850 million joint venture partnership comprising a portfolio of 35 medical office buildings spanning 2.6 million square feet. The portfolio was previously wholly owned by Welltower. The properties are 100% affiliated with health systems […]
Cappella Living Solutions, the management and consulting division of Denver-based Christian Living Communities (CLC), has added a dozen new senior living properties to its portfolio. Last month, Cappella assumed management of seven Villagio Senior Living communities in Texas, Oklahoma and Colorado. In the same month, the organization began managing four communities owned by health care […]
SunTrust provides $60M Loan for Baltimore CCRC Expansion SunTrust Banks Senior Vice President of Senior Care Finance Yasamin Al-Askari arranged a $60 million loan for the expansion of Roland Park Place, a nonprofit continuing care retirement community in Baltimore. Proceeds will fund the second phase of the project, an eight-story building with 58 units, a […]
National Health Investors (NYSE: NHI) expects its recent spate of acquisitions, and transitioning of struggling properties, to pay off with sustained revenue growth starting in 2020. The Murfreesboro, Tennessee-based health care real estate trust completed or announced $295 million in acquisitions in 2019, and is working on its transition portfolio of nine properties to improve […]
