Senior residing supplier Clearwater Residing has promoted Danielle Morgan to the function of CEO because it nears a 20-community footprint in 2025.
Morgan, who has labored because the Newport Seashore, California-based operator’s president since 2017, is in her new function tasked with increasing operations and strategic initiatives and constructing a stronger tradition. In 2025 underneath her path, Clearwater Residing will deal with the lease-up and stabilization of its latest communities, together with coming into new markets.
With two communities in lease-up and 4 set to open this yr, constructing out a robust govt group additionally stays a high precedence, Morgan instructed Senior Housing Information.
“Our path to success is simply restricted by our capability to search out, nurture, and retain high expertise,” Morgan instructed SHN in a press release.
Clearwater Residing’s progress final yr included increasing in Texas by means of a relationship with Hines and opening two new communities in California. On the time, the corporate reported a mean occupancy charge of 94%.
As a part of Morgan’s promotion to CEO, the corporate additionally employed Ed Ward as senior vice chairman of operations and named Kristine Delgado to chief income officer. Morgan’s previous function as president and COO shall be backfilled quickly, a spokesperson for the corporate mentioned.
Morgan brings over three a long time of expertise within the monetary companies and senior residing industries. Previous to becoming a member of Clearwater, Morgan had labored as COO at MBK Senior Residing and as an space supervisor of operations and senior govt director at Dawn Senior Residing.
Morgan additionally serves on the board of administrators for the California Assisted Residing Affiliation (CALA) and is a previous board chair of the CALA govt committee. She is moreover a member of the chief board for the American Senior Housing Affiliation (ASHA).
Clearwater Residing Founder Tony Ferrero will proceed as chairman of the group with the management announcement.
Ferrero additionally plans to develop Clearwater Residing’s father or mother firm, InSite Realty Advisors, an actual property advisory, funding and growth agency.
“I see great alternatives to develop our companies in associated industries, permitting us to diversify our portfolios whereas enhancing synergies amongst our operational groups,” Ferrero mentioned within the information launch.
InSite Realty Advisors manages $8 billion in multifamily age-restricted communities, manufactured housing and mixed-use commercia. belongings throughout the U.S.
