This story is part of your SHN+ subscription In 2025, demand is surging. The rate of newly built communities is not. If the industry does not move faster and conditions persist into next year, it will run into challenges as it seeks to grow for the boomer generation. A big development rebound is unlikely for […]
Phoenix Senior Living
Phoenix Senior Living has promoted Seth Pesek into a newly created president role in an effort to prepare for its next growth phase. Pesek stepping into the new job represents a “significant milestone” for the company, which CEO Jesse Marinko founded about a decade ago. “It was about timing and alignment,” Marinko told Senior Housing […]
Phoenix Senior Living CEO Jesse Marinko believes that the senior living industry will have multiple years of opportunities in front of it starting in 2025. But it all hinges on “blocking and tackling.” Phoenix has been busy in the year leading up to that opportunity. The operator completed three acquisitions and expanded its active adult […]
This article is part of your SHN+ subscription Senior living operators across the U.S. are assembling their regional leadership teams and strategies in an effort akin to a high-stakes chess match or solving a complex puzzle. The challenge is that regional leaders are often in charge of driving improved performance at the communities they manage. […]
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Faced with ballooning costs in everything from labor to ingredients, senior living operators have had to be quick-thinking in their dining programs. Expenses have mounted in the last three years and change, and part of the problem is that culinary directors never seem to know what will be cheap or too expensive. “Isn’t it bizarre […]
The senior living industry has faced challenges from multiple sides this year, from cost inflation to rising interest rates. As a result, some investors are becoming more choosy about the communities they back as deals are becoming more complicated. Cap rates for newer, higher-quality and lower-acuity communities such as active adult or independent living have […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Welltower, Atria Senior Living luxury residences to see construction soon A plan to bring luxury senior living residences to Santa Clara, California by Welltower […]
For over 20 years, Jesse Marinko has worked in the senior housing industry, holding multiple positions with major brands such as Sunrise and Benchmark before launching Phoenix Senior Living in 2014. Through the Changemakers series, Marinko shares his journey of growing Phoenix to a portfolio of 63 communities in the southeastern U.S. Marinko describes the […]
In the Pipeline is brought to you by the Senior Housing News Architecture & Design Awards, an annual competition that recognizes cutting-edge design, excellence, and innovation in senior living. Construction: Planned Distinctive Living announces portfolio expansion New Jersey-based Distinctive Living added five new locations to its senior living portfolio with the move expanding boutique living […]