Dawn Senior Dwelling just lately added 13 communities to its portfolio, with extra additions to comply with within the third quarter of this yr, the corporate introduced in a information launch on Monday.
McLean, Virginia-based Dawn introduced on Monday a brand new joint-venture settlement to handle two assisted residing and reminiscence care communities with an unspecified accomplice within the Chicago space.
Dawn is also now managing eight impartial residing communities within the “larger Rocky Mountain” area, with three extra communities anticipated to shut within the coming weeks, the information launch states.
Dawn operates over 240 communities in North America and serves over 20,000 older adults. A consultant for the corporate was not instantly accessible to touch upon the expansion announcement Monday.
Dawn is moreover rising its growth pipeline, opening new communities in Northern and Southern California with the openings of Dawn of Cupertino and Dawn of Oceanside. Two communities in Canada are additionally set to open this summer season. The corporate will unveil its first “premium phase assisted residing and reminiscence care” neighborhood within the Coral Gables, Florida market, Dawn of Coral Gables, by yr’s finish.
“Our method to realize a deep understanding of every submarket we function in mixed with the distinctive wants of the assorted client segments we serve permits us to customise particular choices to domesticate curiosity in numerous consumer-facing merchandise, all backed by the sturdy, dynamic help of Dawn’s workforce of senior residing and hospitality specialists,” Dawn CEO Jack Callison mentioned within the information launch.
In July of final yr, Welltower (NYSE: WELL) bought its stake in Dawn Senior Dwelling, unwinding the Revera three way partnership. Additionally final yr the corporate opened its second luxurious neighborhood in New York Metropolis.
