Senior Housing News June 14, 2024
Chelsea Senior Living is continuing to make headway on its regional third-party management growth strategy.
In May, Toledo, Ohio-based Welltower (NYSE: WELL) transitioned 13 communities from Chelsea to Distinctive Living. With a leaner portfolio of 13 communities under management following the transition, Chelsea is ready to take on new communities to its roster, having added a former Atria community recently in New City, New York, according to President Roger Bernier.
“We’re nimble enough now to take folks back out into the field and take on some more properties and mobilize very quickly,” Bernier told Senior Housing News. “Being nimble and being a regional company is so important.”
Previously, the company sustained its growth through new construction, but the company shifted...
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