Construction: Planned Virginia Life Plan Community to Expand A life plan community in Lexington, Virginia, plans to expand by building 30 new cottages. The cottages will have front porches, bay windows in the kitchens, large living and dining areas and en-suite master bedrooms, according to a press release. The community, Kendal at Lexington, is an affiliate […]
Welltower Expands Finance and Investment Leadership Team Welltower Inc. (NYSE: HCN), one of the big three health care real estate investment trusts (REITs), recently announced the hiring of Shankh Mitra and Tim McHugh as senior vice presidents, finance and investment. Both Mitra and McHugh will report to Scott Estes, executive vice president and chief financial […]
Providing a window into compensation at the highest levels of nonprofit senior services organizations, including senior housing companies, the Philadelphia Inquirer recently compiled data on CEO pay in that region of Pennsylvania. Among the 62 organizations considered, average compensation for top executives was $271,428 a year. Of that, they received an average of $220,113 in […]
Kendal President & CEO John Diffey Announces Plans to Retire in 2016 John Diffey, president and CEO of The Kendal Corporation for more than two decades, has notified Kendal’s Board of Directors that he plans to retire in mid-2016. Kendal is a not-for-profit organization headquartered in Kennett Square, Penn., where ground was broken for the […]
Construction: Planned MorningStar Senior Living, Nye Health Services Team on Memory Care Project Denver, Colorado-based MorningStar Senior Living, LLC, along with Nye Health Services of Fremont, Nebraska, announced plans last week to build a memory care expansion through their new partnership. Effective January 1, 2015, MorningStar will assume the daily operations of River Rock Assisted […]
“Senior living communities today are expected to offer fresh, healthy foods along with convenience.” This is the finding of a recent EcoLab survey conducted among American adults who have sought a senior living solution either for themselves, or for someone they know. And while senior living operators have recently turned a serious and new eye […]
With occupancy levels well above the industry average and often running a wait list for admission, senior living communities with university affiliations are a hot commodity for those seeking lifelong learning and ever-higher education. It is not to say, however, those affiliations are easy to establish. Gaining buy-in from not only the university but also […]
