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Senior Living Capacity is Outgrowing Demand; Here’s How to Fill Beds Anyway

by Jeff Shaw

By Jennifer Apy, Partner, Chief Marketing Officer, Chief Outsiders The pandemic of 2020 hit hardest among the most vulnerable. It was a tragic season of devastation, fear and uncertainty among the elderly population, and it presented an unforeseen crisis for the senior living facilities that supported them.  Three years later, in 2023, that industry is just barely recovering from the 30 percent decline in population. To further the problem, rising inflation is leading seniors to age in their homes — pushing the average move-in age to 87 years. Senior living facilities were …

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AcquisitionsAssisted LivingIowaKansasNebraskaNewsOperations

Tutera Takes Over Management of 10 Communities in Midwest

by Jeff Shaw

KANSAS, IOWA and NEBRASKA — Tutera Senior Living & Health Care has added 10 communities in Kansas, Iowa and Nebraska to its management portfolio. The new assets expand the company’s footprint by more than 20 percent and total 443 units of assisted living, memory care and residential care. Tutera is retaining all employees at the newly added communities to ensure continuity of care for residents.  The 10 communities are: IOWA  •          Anamosa – Pinicon Place Senior Living •          Carroll – Rolling Meadows Senior Living •          Clarinda – Eiler Place Senior Living •          Council Bluffs …

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LCB Senior Living Hires Gina Lucchese to Sales Team in Connecticut

by Jeff Shaw

WESTPORT, Conn. —LCB Senior Living, a Westport-based operator, has hired Gina Lucchese to its sales team in Fairfield County, Connecticut.  Lucchese will serve as a sales specialist, where she will assist with sales across LCB Senior Living’s three communities in Fairfield County: The Residence at Summer Street in Stamford, The Residence at Selleck’s Woods in Darien, and The Residence at Westport. Previously, Lucchese served as a senior advisor with Epoch Senior Living and director of community relations at Benchmark Senior Living. She is also a licensed practical nurse with nearly …

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ColoradoKansasNewsOperations

LTC Restructures Leases on 10 Brookdale Properties

by Jeff Shaw

WESTLAKE VILLAGE, Calif. — LTC Properties Inc. (NYSE: LTC), a Westlake Village-based REIT, has re-leased 10 of the 35 properties in its Brookdale Senior Living portfolio to Brookdale under a new master lease. This new master lease includes six properties in Colorado and four in Kansas. The six-year master lease will commence on Jan. 1, 2024. Rent in the first year is set at $8 million, escalating by approximately 2 percent annually. The lease includes a purchase option that can be exercised in 2029.  LTC also agreed to fund $4.5 …

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Grace Management Promotes Jenna Johnston to Regional Director of Operations

by Jeff Shaw

MAPLE GROVE, Minn. — Grace Management Inc., a Maple Grove-based operator, has promoted Jenna Johnston to regional director of operations. Johnston joined Grace Management in April 2020 as the executive director of The Residence at Bethel Park, located in Bethel Park, Pennsylvania. It is at Bethel Park where she began to make her mark, leading this community and team up to 100 percent occupied with strong financial results.  Within 16 months, Johnston was promoted to senior executive director and began to support The Residence at Whitehall, located in Pittsburgh. She …

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Integral Names Cassondra Blair as National Vice President of Operational Services

by Jeff Shaw

CARLSBAD, Calif. — Integral Senior Living, a Carlsbad-based operator, has named Cassondra Blair as national vice president of operational services.   Blair has been with Integral Senior Living for 11 years, previously serving as national director of organizational services, project manager and licensing expert. Blair will oversee the day-to-day system management responsibilities to ensure that there is smooth running of customer service operations and find a way to ensure positive experiences for residents and their loved ones.

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EPOCH Names Wendy Nollman as Executive Director of Waterstone at the Circle in Boston

by Jeff Shaw

BOSTON — EPOCH Senior Living has named Wendy Nollman as executive director of Waterstone at the Circle, a luxury senior living community in Boston. Nollman joins the team with more than 15 years of leadership experience in senior living throughout Massachusetts. In her new position, she will be responsible for all daily operations. Prior to joining the Waterstone at the Circle team, Nollman was executive director of communities in nearby Wayland and Watertown. She earned a bachelor’s degree in business administration from The University of Rhode Island.

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NevadaNewsOperationsPeople

Integral Names Robert Sanderson as Executive Director of Escalante at the Lakes in Las Vegas

by Jeff Shaw

LAS VEGAS — Integral Senior Living has named Robert Sanderson as executive director of Escalante at the Lakes in Las Vegas.   Prior to joining Escalante at the Lakes, Sanderson earned experience in the senior living industry as a memory care director. Escalante at the Lakes is located in the western portion of the city, near downtown Summerlin and a variety of hospitals, shopping and dining.

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Webinar: Seniors Housing Success Stories — Companies that are Rising Above the Headwinds

by Sarah Daniels

  The June 29 webinar “Seniors Housing Success Stories — Companies that are Rising Above the Headwinds“ focused on what leading seniors housing firms are doing to alter their businesses, streamline operations, increase occupancy and strategize in terms of deal volume and investment. Industry difficulties, including labor shortages, inflation and interest rates, have highlighted the need for expertise and well-informed approaches to the seniors housing sector recovery. Click to watch this hour-long discussion that considers both operations and trends in transaction activity. See how strategies and outlooks have shifted since last …

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