Dawn Senior Residing not too long ago added two senior residing communities in California as a part of what CEO Jack Callison is looking a brand new “period of progress.”
This week, the McLean, Virginia-based senior residing supplier introduced it took on administration of the 2 communities in partnership with Griffin Residing, a nationwide senior housing developer primarily based in Calabasas, California. The communities, Varenita of Westlake Village and Varenita of Simi Valley, comprise 86 and 102 items, respectively. Each provide assisted residing and reminiscence care providers.
Callison instructed Senior Housing Information the operator is in 2025 targeted on “intentional, partnership-driven progress,” together with ground-up developments, acquisitions and transitions, and third-party administration relationships with each new and long-time companions.
“The muse for this progress exercise could be very purposeful, strategic alignment with our companions, the place we win and lose collectively in a long-term relationship,” Callison instructed SHN by e mail. “Our platform is constructed to scale throughout segments and repair traces, and this new part of progress displays our confidence in doing so whereas sustaining distinctive high quality and efficiency.”
The 2 properties add to Dawn’s portfolio of 240 communities throughout the U.S. and Canada and mirror the corporate’s long-term progress technique of working with “like-minded homeowners and traders” to handle luxurious, premium and center market properties.
Up to now 18 months, Dawn has transitioned greater than 20 new unbiased residing, assisted residing and reminiscence care communities into its administration portfolio with each new capital companions and outdated companions alike. The corporate in 2024 started managing a neighborhood as soon as managed by Brookdale Senior Residing (NYSE: BKD) within the Battery Park neighborhood of Manhattan in New York Metropolis. The operator additionally took administration of communities in Chicago, Annapolis, Maryland, and within the better Rocky Mountain area.
A number of components prompted the corporate’s current progress push, together with “considerably elevated demand” from actual property homeowners and capital companions looking for nationwide operators “who can ship constant outcomes,” Callison mentioned
“Finally, these transitions mirror Dawn’s rising momentum and our capacity to execute with precision throughout a various and increasing portfolio,” Callison instructed SHN.
Dawn’s “sturdy observe document” in operations has positioned the operator as a “most popular companion” for possession teams and capital companions looking for outcomes, he added.
“We’ve targeted on coming into or increasing in markets the place we have already got a robust basis—current management, model recognition, and data-driven market intelligence—which permits us to scale thoughtfully and effectively,” Callison mentioned. “Finally, these transitions mirror Dawn’s rising momentum and our capacity to execute with precision throughout a various and increasing portfolio.”
In keeping with the Griffin Residing web site, the corporate has accomplished eight senior residing initiatives in California and Georgia, with communities in “early improvement” in California and Connecticut. Each newly added California properties had been inbuilt 2022.
The current progress follows a transfer in 2023 by Welltower (NYSE: WELL) by which the true property funding belief (REIT) offered its 34% possession stake in Dawn Senior Residing to Revera, primarily unwinding the joint-venture settlement.
