After Covid-19 Forces Community Closure, CEO Reaffirms Transforming Age’s Strategic Direction

In mid-April, Transforming Age evacuated an assisted living community near Minneapolis due to a Covid-19 outbreak. Last week, the provider announced that the building, Meridian Manor, will not reopen. Other closures are “absolutely” likely to become more commonplace in the senior living industry as Covid-19 testing becomes more widespread, Transforming Age President and CEO Torsten […]

$150 Million Highrise Project Caps 5-Year Reinvention of Transforming Age

In 2014, Presbyterian Retirement Communities Northwest (PRCN) was a small and struggling provider with three communities in the Seattle area. Fast-forward to the present day, and the organization has rebranded as Transforming Age, serves about 10 times as many seniors, and is pursuing further innovation and expansion — including through the $150 million Olympic Tower […]

Transforming Age Still Expanding After Four Big Years

Hot off the heels of a years-long, company-wide growth spurt, senior services nonprofit Transforming Age isn’t done growing and changing—not by a long shot, according to President and CEO Torsten Hirche. “We want to change the world. We want to continue to make a huge impact,” Hirche told Senior Housing News. Transforming Age—formerly known as Presbyterian […]

Senior Housing Investments & Transactions: Transforming Age, American House Senior Living

Tennessee CCRC Announces Affiliation With United Church Homes Uplands Village, a continuing care retirement community (CCRC) in Pleasant Hill, Tennessee, announced a new affiliation with United Church Homes (UHC), a Marion, Ohio-based national provider of senior living services. UHC’s management services company, United Church Homes Management (UCHM), will also take over management of Uplands Village. […]

Movers & Shakers: Transforming Age, LCB Senior Living

Bumstead Continues Service on Brookdale Senior Living Board The board of directors of Brentwood, Tennessee-based Brookdale Senior Living will allow board member Frank M. Bumstead to continue his service, despite the board’s age restriction, according to the Nashville Post. Bumstead turned 75 in the past year, which would otherwise disqualify him from serving. His fellow […]

In the Pipeline: Senior Housing Construction Projects (2/16/17)

(Rendering of River Tower at Harbor’s Edge, located in Norfolk, Virginia— photo courtesy of Harbor’s Edge) Construction: Planned Upscale Retirement Community Tower Planned in Virginia Harbor’s Edge, a Life Plan Retirement Community in Norfolk, Virginia, announced it is building a new, $100 million, 27-story building. River Tower at Harbor’s Edge will add 138 luxury residences that […]

Senior Housing Investments & Transactions: Transforming Age’s $138 Million Portfolio Buy

Transforming Age Acquires $138 Million Portfolio  Transforming Age, formerly known as Presbyterian Retirement Communities Northwest, acquired an eight-property portfolio totaling more than 1,000 units for $138 million.  The portfolio, located across the Twin Cities, was acquired from a joint venture between Des Moines, Iowa-based LCS and Chicago-based Harrison Street Real Estate.  “Transforming Age saw the […]