RADNOR, Pa. — Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments, has expanded its leadership team to coincide with the firm’s actively growing focus on active adult and independent living assets nationally.
The Randor-based firm, which currently owns nearly 1,000 active adult and independent living units in addition to its core and core-plus industrial and office holdings, has appointed Brian Krill as chief financial officer and senior housing industry veteran Shawn Rose as managing director of asset management.
“As we strategically expand our holdings in the 55+ active adult and independent living subsectors, we’ve committed to growing our acquisitions and asset management platforms in order to widen and optimize our capabilities,” says Livingston founder and co-CEO Peter Scola.
Livingston strategically identified growing demand from the large baby boomer generation, which totaled 71.6 million in 2019, for active, autonomous lifestyles. The firm has focused on growing its portfolio to leverage this demand.
“In response to the needs and desires of today’s 55+ demographic, our focus at Livingston is to invest in assets that do not provide care, but offer active lifestyles with an emphasis on wellness and community,” says Scola.
In his CFO role at Livingston, Krill is responsible for the oversight of all aspects of the company’s accounting and financial management, as well as spearheading strategic initiatives at the firm, including working on the creation of new investment offerings.
Krill has 20 years of accounting and finance experience with a focus on the commercial real estate sector. His previous experience includes a role as vice president and fund/property controller at KTR Capital Partners, where he was responsible for property accounting, budgeting, financial reporting, tax and cash management for the 60 million-square-foot industrial portfolio.
In his new role, Rose will direct the strategic operations of the firm’s national portfolio of active adult and independent living assets.
Rose joins Livingston with 20 years of experience as an operator within the seniors housing space across a broad range of environments, including independent living. His knowledge and skills extend to multi-site operations, asset management, sales and marketing, asset acquisitions, and business development. He previously served as vice president of operations at Guest Services Senior Living, where he developed key infrastructures, launched strategic sales and marketing campaigns, and doubled the size of the firm’s portfolio through acquisitions and new development.