Friday, May 26, 2006
CCRC: KEY DECISIONS SEMINAR
REPOSITIONING YOUR CCRC COMMUNITY
Many aging communities are in the throes of realization that without Repositioning (Reformation) they will remain in harms way and go out of business if they do not effect dramatic and immediate changes in their business plan. The emerging elder market is more sophisticated, has more choices and therefore is more demanding and will not settle for the products of yesterday.
The economy is edging towards its cyclical pinnacle which means we will be going - in the near future - into the downward side of the curve, which means new strategies will have to be considered to enable us to go forward; these strategies will be dramatically different from those we utilized on the upside of the economic curve.
THW, the IPP team of providers and many of our client alumina, have decided that we need to replicate the successes of our earlier problems solving and apply those techniques to mapping out a mutual strategy for the challenging years ahead.
To this end we are announcing a seminar academy that will be unlike any you have ever experienced before; one allied and linked to a university curricula, in which you will be invited to be both professor and colleague to and with your peer colleagues. It will be called:
CCRC; KEY DECISIONS SEMINARS
This Seminar is meant to be the beginning of an ACADEMY of experienced CEO’s who have successfully (or not successfully) gone through the experience of reformation.
It is our idea that this core group can become a critical resource for our industry and other CEO’s who are too often left stunned by the revelations discovered once they take the reins of the new communities they have been hired to steer.
As discovery and events unfold, there are often revelations of incredible circumstances that pose challenges that are far and above either the training or the experience of operational administrators who find these to be new challenges.
To help us go forward, we want you to design the course that would be most meaningful for you and your fellow colleagues. Therefore we are starting this blog, to identify the key issues, and pivotal decision points that arise in the repositioning and reformation of an older community as it revamps to face tomorrows market challenges.
In 2005 & 2006 to date, the trend towards repositioning (also sometimes known as redevelopment) the aging senior living campus continues to accelerate. In metro-Chicago, in particular, a number of sizable projects are currently under development, including the largest single repositioning project yet financed – $146 million for Plymouth Place in December, 2005. This unprecedented activity is expanding our body of knowledge, thereby increasing the speed and efficiency with which future projects are coming to fruition. In this two-part Z-News, we examine the Plymouth Place project to understand some of the common elements behind many successful repositioning projects.
____________________________
Many aging communities are in the throes of realization that without Repositioning (Reformation) they will remain in harms way and go out of business if they do not effect dramatic and immediate changes in their business plan. The emerging elder market is more sophisticated, has more choices and therefore is more demanding and will not settle for the products of yesterday.
The economy is edging towards its cyclical pinnacle which means we will be going - in the near future - into the downward side of the curve, which means new strategies will have to be considered to enable us to go forward; these strategies will be dramatically different from those we utilized on the upside of the economic curve.
THW, the IPP team of providers and many of our client alumina, have decided that we need to replicate the successes of our earlier problems solving and apply those techniques to mapping out a mutual strategy for the challenging years ahead.
To this end we are announcing a seminar academy that will be unlike any you have ever experienced before; one allied and linked to a university curricula, in which you will be invited to be both professor and colleague to and with your peer colleagues. It will be called:
CCRC; KEY DECISIONS SEMINARS
This Seminar is meant to be the beginning of an ACADEMY of experienced CEO’s who have successfully (or not successfully) gone through the experience of reformation.
It is our idea that this core group can become a critical resource for our industry and other CEO’s who are too often left stunned by the revelations discovered once they take the reins of the new communities they have been hired to steer.
As discovery and events unfold, there are often revelations of incredible circumstances that pose challenges that are far and above either the training or the experience of operational administrators who find these to be new challenges.
To help us go forward, we want you to design the course that would be most meaningful for you and your fellow colleagues. Therefore we are starting this blog, to identify the key issues, and pivotal decision points that arise in the repositioning and reformation of an older community as it revamps to face tomorrows market challenges.
In 2005 & 2006 to date, the trend towards repositioning (also sometimes known as redevelopment) the aging senior living campus continues to accelerate. In metro-Chicago, in particular, a number of sizable projects are currently under development, including the largest single repositioning project yet financed – $146 million for Plymouth Place in December, 2005. This unprecedented activity is expanding our body of knowledge, thereby increasing the speed and efficiency with which future projects are coming to fruition. In this two-part Z-News, we examine the Plymouth Place project to understand some of the common elements behind many successful repositioning projects.
____________________________
Labels: KEY DECISIONS, wellness program
