Healthcare Trust Expands Relationship with Two Leading Senior Living Operators
Healthcare Trust, Inc. (“HTI”), a public, non-traded, real estate investment trust, with ownership of 54 serviced enriched senior living communities, announces the expansion of a strategic operational relationship with two leading senior housing operators, Senior Lifestyle Corporation and Jaybird Senior Living, effective March 1, 2022.
Management oversight of 13 HTI-owned communities operated under the “Addington Place” brand across Georgia, Michigan and Florida are added to the 11 properties Senior Lifestyle currently operates for HTI. This brings the total number of HTI properties operated by Senior Lifestyle to 24.
Seven HTI owned properties located in Illinois, Kansas and Missouri, also operated under the “Addington Place” brand are now managed by Jaybird Senior Living. This expanded relationship brings the total number of HTI-owned communities managed by Jaybird Senior Living to 25.
“HTI carefully selects relationships with operators who share our philosophy and values,” said John Rimbach, President of Healthcare Facilities of HTI’s advisor. “Senior Lifestyle and Jaybird both demonstrate each day, through their culture and customer service delivery, that their values are more than words on a page. They strive to execute on them daily, in all they do, and we’re delighted to be expanding our relationships with these two prominent senior living companies.”
“We’re a privately-owned operator and have led with our values of hospitality, excellence, appreciation, respect and teamwork every day since our founding in 1985,” said Jon DeLuca, CEO at Senior Lifestyle. “We’re so pleased to be expanding our relationship with HTI and to have our operating philosophy and hardworking team recognized with the trust of HTI and the residents and families we serve.”
“We have a saying at Jaybird that we hate to say no. Our team prides itself on going above and beyond with a spirit of compassion, positivity, and honesty. When we bring this mindset into our relationships with residents and our partners like HTI, it has a positive effect on everyone and on outcomes,” said Kevin Russell, Founder and Chairman at Jaybird Senior Living.