Charter Senior Living Picks Up 13 Communities in ‘Calculated’ Growth Strategy

Charter Senior Living CEO Keven Bennema is on the road again, and so too is the senior living operator as it continues its growth strategy this year.

The company this week announced the addition of 13 communities in Illinois and Wisconsin formerly managed by Cedarhurst Senior Living. The latest growth of Charter Senior Living’s management portfolio sets the organization to continue growing while evolving a future pathway to owning communities, Bennema told SHN.

“We want to figure out a path toward ownership, a path toward some type of joint venture partnership in ultimately every community we operate,” Bennema said. “From a financial perspective, we’re able to do more investing as we take on new acquisitions and development.”...

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Ken Notes: I will say this again, Wisconsin needs to build senior friendly aging in place communities. This need to be a community effort, us boomers DO NOT want to live in the "homes" our parents and grandparents ended up in. We want amenities, lifestyle, health care, destinations, and soooo much more.