Movers & Shakers — Kendal’s New President & CEO

Sean Kelly to Take the Helm at The Kendal Corporation in 2016 The Board members of Kennett Square, Pennsylvania’s The Kendal Corporation have selected Sean M. Kelly, the organization’s current director for new business development, to succeed John Diffey as president and CEO next year. Diffey notified the Board in March of his plans to […]

Ziegler, LeadingAge Rank Top 150 Nonprofit Senior Living Providers

LeadingAge and Ziegler have teamed once again to release their collaborative analysis of the largest not-for-profit senior living providers in the U.S., but this year the rankings go beyond the traditional top-100 to include the 150 largest organizations in the first-ever LZ 150. Now in its 11th edition, the LZ 150 ranks the largest nonprofit […]

In the Pipeline: Senior Housing Construction Projects (12/5/12)

Construction: Planned Senior Star to Expand Mo. Retirement Community Senior Star is breaking ground on an addition to its Kansas City, Mo.-located Wexford Place to add new living units and expand available services. The project includes the addition of 67 apartment homes as well as adding Alzheimer’s and dementia services with 24 memory care apartments.  […]

High Profile Bankruptcies Will Change Future of CCRC Financing

Many non-profit continuing care retirement communities (CCRCs) have enjoyed getting 100% financing for their properties in the past, but that could change going forward, according to panelists speaking at SHN’s first annual Senior Housing Summit in July. LeadingAge, a non-profit advocacy group of senior living providers, says 80% of CCRCs are non-profit, and while most […]

Four-Year Forecast for CCRCs: Cloudy With a Chance of Financial Distress

A few high-profile bankruptcies by continuing care retirement communities have made waves in the senior housing industry, and there’s more drama to come—for at least four more years, says a New York-based owner-developer of CCRCs who specializes in acquiring distressed assets. During Senior Housing News’ inaugural Senior Housing Summit, held last Thursday in Chicago, Ill., […]