Viva Senior Dwelling is on a quick progress tempo in 2025, with plans to doubtlessly deliver on as many as 20 to 30 new communities this yr alone.
The Norwood, NJ-based firm, now at 33 communities in eight states, is in search of to take action through third-party administration alternatives with possession teams, based on Chief Working Officer Chris Metternich.
“We’re most likely between 20 to 30 properties this yr as our purpose,” Metternich mentioned. “We’re constructed out to keep up that now.”
The corporate’s portfolio is a mixture of owned and managed properties at current throughout the Northeast and Southeast.
In 2024, Logos Dwelling Capital acquired eight former Commonwealth Senior Dwelling communities in a multi-state transaction and named Viva Senior Dwelling because the operator. That transfer, coupled with the corporate’s busy 2024 marketing campaign to shore up operations to scale, has primed it for future progress.
“We set the construction of the group and we’re ready in 2025 and we’re composed of 5 areas now,” Metternich mentioned. “2025 is shaping as much as be a transformational yr for operations.”
The primary areas of give attention to operations embrace enhancing workers effectivity, high quality of care and resident expertise, whereas integrating new communities into the fold. This inside give attention to operations comes as the corporate additionally has three senior residing improvement initiatives underway at various phases of improvement.
In integrating the previous Commonwealth communities, Viva Senior Dwelling has emphasised constructing out regional workers, enhancing coaching and standardizing operational protocols to make sure a clean transition.
This progress will probably be fueled by capital funding from household places of work and personal buyers lively within the senior residing trade, with an urge for food to proceed funding in 2025, Metternich famous.
“These teams are on the brink of deploy a major quantity of dry powder to the market [in 2025,],” Metternich mentioned. “We’re getting ready ourselves for that.”
The operator is aiming to extend its”cluster formation” of regional density inside its current markets of operation whereas sustaining a “slim” company construction, with no residence workplace and an government staff that rotates by the corporate’s portfolio of managed and owned communities.
Metternich mentioned Viva is most capable of deal with full-continuum properties with impartial residing, assisted residing and reminiscence care providers. The place these new acquisitions happen, Metternich mentioned the corporate wish to develop its market presence in Tennessee, presently at 4 properties within the Volunteer State, whereas additionally in search of to construct regional density in different areas of present communities.
With evolving care wants, Viva Senior Dwelling will proceed to develop its growing older in place mannequin to assist residents age, with Metternich noting that senior residing suppliers as we speak should be “clinically savvy” and evaluating the present senior residing acuity spectrum as being similar to the expert nursing world of twenty years in the past.
Since 2020, Viva views all of its workers as having a task within the caregiving and scientific facet of operations, and since then, the corporate has shuffled its staffing ratios throughout impartial residing, assisted residing and reminiscence care, Metternich mentioned, to construct tradition and create real looking expectations for brand new workers coming into a constructing.
“One of many issues that we need to make it possible for we’re doing on the neighborhood degree is that we onboard appropriately,” Metternich mentioned. “Exhibiting them a profession path, that’s so necessary.”
