Early progress in 2025 has positioned Legend Senior Dwelling in a “sturdy place” to tackle new alternatives and to maintain “constructing momentum” this 12 months and past, President Matt Buchanan informed Senior Housing Information.
Legend now manages 71 properties following latest additions to the corporate’s third-party administration portfolio.
“This progress has been strategic, with growth centered on markets the place we have already got a powerful operational presence,” Buchanan informed SHN. “That strategy permits us to scale effectively, preserve consistency in service supply, and guarantee a high-quality resident expertise.”
Earlier this month, Legend introduced administration of 4 new communities throughout Kansas, Colorado and Pennsylvania. The communities have been beforehand listed as operated by Dawn Senior Dwelling and are owned by Welltower (NYSE: WELL), based on a disclosure from the REIT. Since 2022, Legend has added 16 Welltower properties to its operational clusters in Florida, Oklahoma, and Pennsylvania each via transitions and acquisitions.
With the latest progress now behind the corporate, President Matt Buchanan sees third-party administration and future improvement as potential progress automobiles sooner or later.
“Since our early years we’ve at all times maintained third-party administration relationships, so we see the chance as a solution to construct and strengthen relationships with capital companions with the plans for added progress via future improvement,” Matt Buchanan mentioned.
Buchanan, who’s the son of longtime CEO Tim Buchanan, sees extra alternatives in 2025 to develop its administration portfolio, together with making new acquisitions, noting that Legend will “pursue these.”
Legend beforehand grew its portfolio via new improvement and Buchanan mentioned there was a “glimmer of hope” to that finish, he famous the corporate is “making preparations for some new development,” he informed SHN.
Within the meantime, Buchanan and the corporate’s management staff are integrating new communities into the Legend portfolio whereas looking for to not disrupt present operations.
“As we develop, we’re planning funding in new assets and infrastructure to assist our operations. We scale with intention,” Matt Buchanan informed SHN. “It’s a part of our disciplined strategy and our dedication to delivering a constant Legend expertise throughout each group.”
With an “total constructive staffing surroundings,” Buchanan mentioned the workforce panorama was “at all times evolving,” with company leaders “continuously refining” find out how to finest assist frontline groups with profession improvement, coaching or constructing tradition initiatives.
“We really feel very optimistic in regards to the the rest of 2025,” Buchanan mentioned. “The early progress this 12 months has put us in a powerful place, and with stable staffing and operational stability, we’re well-equipped to maintain constructing momentum.”
The latest progress at Legend has performed out over the past two years. In 2023, the corporate added 11 communities adopted by eight new communities final 12 months and eight accomplished up to now in 2025.
Earlier this 12 months, the Buchanans outlined future progress plans, together with methods the corporate is bulking up operations to accommodate fast progress, together with including coaching and worker improvement efforts whereas additionally rising its knowledge and analytics platform.
