STUART, Fla. — Allegro Senior Living has named Kaitlyn Oteri as the executive director of Alto Stuart in Stuart, a coastal city in South Florida. Alto Stuart features 91 units of assisted living and memory care. Oteri has over a decade of experience in leadership roles within senior living communities, most recently as executive director for Wickshire Port St. Lucie in nearby Port St. Lucie.
ROCK HILL, S.C. — Liberty Senior Living has taken over management of HarborChase of Rock Hill and renamed the property Kempton of Rock Hill. Rock Hill is located just across the state border from Charlotte, North Carolina. Further details on the transaction were not disclosed. A division of Liberty Health, Liberty Senior Living specializes in senior living and retirement communities.
TOLEDO, Ohio — Welltower (NYSE: WELL), a Toledo-based REIT that is the largest owner of seniors housing in the country, has announced plans to transition a portfolio of 89 Holiday by Atria properties to new operators. Welltower acquired the bulk of the properties in 2021 as part of Atria Senior Living’s acquisition of former independent living giant Holiday Retirement, which at the time represented the seventh-largest seniors housing operator buying the third-largest. The American Seniors Housing Association, which tracks the 50 largest U.S. owners and operators of seniors housing annually, reports …
FORT WORTH, Texas — Sagora Senior Living, a Fort Worth-based operator, has taken over management of 17 senior living communities across Alabama, Florida, Nebraska, Oklahoma and Texas. Sagora expands its footprint in Vero Beach, Florida with the addition of two new communities: Heron Cove Assisted Living and Memory Care and Heron Point Independent Living. Both communities are located less than 10 miles from The Brennity of Vero Beach, another Sagora community. Sagora also recently opened Lynridge of Huntsville Assisted Living and Memory Care, expanding the operator’s Lynridge brand to a …
SWAMPSCOTT, Mass., and WESTPORT, Conn. — LCB Senior Living has named Andrew Gillis as executive director of The Residence at Vinnin Square, an independent living, assisted living and memory care community in Swampscott, approximately 14 miles northeast of Boston. Gillis brings 30 years of healthcare experience, specifically in skilled nursing, assisted living and hospice, to The Residence at Vinnin Square. He is also licensed both as a nursing home administrator and a clinical social worker. Previously, Gillis served as the president and chief operating officer for Bluepoint Healthcare. Additionally, his …
TULSA, Okla. — Blueprint Healthcare Real Estate Advisors has negotiated a new tenant a vacant seniors housing asset in the Tulsa area. The owner, a national REIT, is seeking to convert the asset into a behavioral health property. Ultimately, a large regional substance abuse and inpatient mental healthcare operator was selected as the ideal tenant for the asset based on lease terms and execution capability, according to Blueprint. Andrew Sfreddo, Shane Harmon and Gunnar Raney led the Blueprint team.
NEW CITY, N.Y. — Capitol Seniors Housing has selected Chelsea Senior Living as operator for The Chelsea at New City. New City is located in Rockland County, approximately 30 miles north of Manhattan. The community features assisted living and memory care units. This is Chelsea’s first community in Rockland County.
DALLAS — The rental active adult segment of commercial real estate faces an array of unique challenges, largely caused by the greater public not being aware of or understanding the sector. For active adult operators, this means that powerful marketing strategies are the cornerstone of success because there is no organic customer growth. That’s the message of a group of operators who gathered at InterFace Active Adult, held April 18 at The Westin Las Colinas in Dallas. The executives participated in a panel titled “Operating Active Adult: What Works and …
What are the biggest areas of opportunity in ancillary services in seniors housing? Dining presents opportunities By Andrew Agins Partner Evolve Senior Living An interesting opportunity for ancillary revenue is to curate an elevated dining experience for our residents. We will always offer the traditional menu that is included in the base rent. However, for an additional fee, we can design a special dinner for a smaller subset of residents. For example, our chef can prepare a progressive tasting menu or a steakhouse night. If residents opt in, they can …
MEQUON, Wis. — Lifespace Communities has hired Chris Andersen as executive director at Newcastle Place in Mequon, a northern suburb of Milwaukee. Andersen has 29 years’ experience in healthcare and senior living, including previously serving at Lifespace as executive director at Beacon Hill, Claridge Court, and Oak Trace from 2004 to 2013. Most recently, he served as executive director at Oakmont Senior Living for the Simi Valley and Riverpark campuses. Andersen earned his bachelor’s degree in business administration summa cum laude from Capella University and is a Licensed Nursing Home …