Companies operating in senior living increasingly are taking steps to make their boards and C-suites look more like the customers they serve and the workers who serve them. It’s a smart and welcome approach.
Welltower’s $2.6 billion in completed gross investments made the second quarter “one of our busiest ever for investments,” Chief Financial Officer John Goodey said Thursday during the real estate investment trust’s latest earnings call. But “the quarter was not driven by a bunch of deals,” Welltower Chairman and CEO Tom DeRosa said.
Although Welltower has “curated” its seniors housing portfolio to focus on properties in “high barrier-to-entry markets,” the real estate investment trust is aware that middle-income individuals will need more affordable options in the coming years, Chairman and CEO Tom DeRosa said Wednesday.
Welltower EVP Mercedes Kerr has been named president of Belmont Village Senior Living. And promotions and appointments at Benchmark Senior Living, Charles E. Smith Life Communities, Friendship Village, GlynnDevins, Integral Senior Living, LeadingAge PA, Legacy Senior Communities, Meyer Design, Presbyterian Senior Living, Sedgebrook, Senior Living Communities, Sodalis Senior Living, Solstice Senior Living and Ziegler.
Appointments, promotions and other personnel news at Affinity Living Group, Atlas Senior Living, Benchmark Senior Living, Capitol Seniors Housing, Five Star Senior Living, HCP, Integral Senior Living, LCS, Plante Moran, Porter Hills, Springpoint Senior Living, United Methodist Retirement Communities and Welltower.
Welltower executives Tuesday said first-quarter senior housing operator portfolio results exceeded expectations in rate, occupancy and labor costs.
Recent portfolio performance and demographic trends have Welltower executives feeling hopeful about senior housing for 2019, they told investors and analysts Tuesday.