EDITOR'S LETTER
PRESIDENT & CEO James Balda
jbalda@argentum.org
Data Tells Compelling Stories and Provides a Glimpse Ahead
“What is valued is measured.” I’ve been running into that phrase often lately, and it applies especially well to this issue of Senior Living Executive, focusing on Finance & Investment. Our annual list of Largest Providers (p.8) has grown to
140, up from 125 in 2018. There are plenty of changes and newcomers, and this year includes a list of the 25 largest not-for-profi ts (p.18), provided by LeadingAge and Ziegler. But there are so many ways to look at data, and each perspective reveals a diff erent valued characteristic. For
instance, the 10 companies at the top of the Largest Providers list didn’t change much—they just changed places. The eight largest REITs (p.23) are the same as in 2018. That tells a story of sustainability and stability. New providers on the list, and more providers exploring the international space (p.16) and eyeing the 55+ market (p.24), tell stories of growth and new ideas. And in the feature article on what’s behind the list (p.7), leaders tell their stories of solutions and challenges. It’s a look into the future that will get you thinking. One of these challenges is cost. “The Forgotten Middle” study from NIC and
NORC raised concerns about how a growing middle-income group might aff ord senior living. But this market also represents an opportunity (p.26). Another challenge-turned-opportunity is in sustainability, diversity, and transparency. What was once seen as simply a good thing to do is now driving investor decisions and solid returns, when it’s measured as an ESG rating. REITs and experts explain what this means, and how communities can help (p.46). Finally, you’ll soon, you’ll see more details on our work to develop voluntary, consensus-based standards for the senior living industry. Development of industry standards is among the most common and benefi cial activities for professional associations—but it’s also a deeply involved process. It’s been a collaborative eff ort of Argentum’s volunteer leaders and staff , as well as subject matter experts from related industries. We’re putting together material that addresses key issues in senior living, and we need your help. Sign up on
seniorlivingiq.org, and you’ll get notices when it’s time to weigh in and share your expertise.
– Sara Wildberger Editor
CHIEF OPERATING OFFICER Maribeth Bersani
mbersani@argentum.org
CHIEF FINANCIAL OFFICER Gina Mamone
gmamone@argentum.org
VP, QUALITY IMPROVEMENT John Schulte
jschulte@argentum.org
VP, WORKFORCE DEVELOPMENT Brent Weil
bweil@argentum.org
VP, BUSINESS DEVELOPMENT Brad Williams
bwilliams@argentum.org
VP, GOVERNMENT RELATIONS Paul Williams
pwilliams@argentum.org
LEGISLATIVE ANALYST Peter Einisman
pbeinisman@argentum.org
DIRECTOR, PROGRAM CONTENT Denise Brassé
dbrasse@argentum.org
DIRECTOR, CONFERENCE & EVENTS Ellen Drudy
edrudy@argentum.org
DIRECTOR, MEMBER SERVICES & DATA Kari Horesky
khoresky@argentum.org
OFFICE MANAGER/ EXEC. ASSISTANT Rosa Montgomery
rmontgomery@argentum.org
PROFESSIONAL DEVELOPMENT & EDUCATION MANAGER Robert Oliveri
roliveri@argentum.org
SENIOR DIRECTOR OF MARKETING & COMMUNICATIONS Jessica McKay
jmckay@argentum.org
MARKETING SPECIALIST Kayla McAlindin
kmcalindin@argentum.org
ACCOUNT COORDINATOR Tiff any Crawford
tcrawford@argentum.org
STAFF ACCOUNTANT Olivia Wilson
owilson@argentum.org
EDITORIAL COMMUNIATIONS MANAGER & EDITOR Sara Wildberger
swildberger@argentum.org
CREATIVE PROJECT MANAGER Vatrice Chestnut
vchestnut@argentum.org
ART DIRECTOR Rose Thai
rthai@argentum.org
ADVERTISING
DIRECTOR OF SALES Katherine Madison
kmadison@argentum.org
SENIOR SALES ACCOUNT EXECUTIVE Maura Artman
martman@argentum.org
SALES ACCOUNT EXECUTIVE Brooke Jordan
bjordan@argentum.org
SUBSCRIPTIONS 703.562.1179
Senior Living Executive, Volume 26, Number 4 (print ISSN 2161- 6698, online ISSN 2161-671X) is published bimonthly by Argentum, 1650 King Street, Suite 602, Alexandria, VA. Periodicals postage paid at Alexandria, VA and additional mailing offi ces. Argentum member companies receive subscriptions for staff as part of their membership. Free controlled subscriptions are also available to qualifi ed individuals in the senior living business.
DOWNLOAD THE DIGITAL 2019 LARGEST PROVIDERS LIST
Visit
argentum.org/largestproviders to download a full report of the 2019 largest providers in senior living.
POSTMASTER: SEND ADDRESS CHANGES TO Senior Living Executive, 1650 King Street, Suite 602, Alexandria, Virginia 22314 703.894.1805. Printed in USA. Copyright 2018. Prior to photocopying items for educational classroom, internal, or personal use, please contact the Copyright Clearance Center, Customer Service, 978.750.8400, 222 Rosewood Dr., Danvers, MA 01923 or check CCC Online at
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