Oakmont of Carmichael is proud to accept the 2019 Expertise award for Best Assisted Living Community in Sacramento. Our dedicated team of senior care professionals strives to delight our residents every day with a variety of activities, gourmet meals, world-class services, and amenities that connect our residents in meaningful ways. Oakmont Senior Living’s exceptional assisted living communities provide enriching and purposeful activities in a resort-style setting. A team of professionals delivers a variety of activities that delight and connect our residents. Click here to see what makes Oakmont of Carmichael so different from other traditional assisted living communities. You can also click on the award to see the criteria used to select Oakmont of Carmichael for this prestigious designation and award.
September 19, 2019
Movers & Shakers is brought to you by the Senior Housing News Job Board. Browse and apply to management and executive senior living jobs and positions from leading professional firms serving the industry. Employers can post single jobs, purchase job packages or our premium subscription that includes unlimited job posts and editorial coverage for one year. Visit SHN Jobs today. Ecumen Names New CFO Non-profit senior housing provider Ecumen has named Morshed Alam to the role of senior vice president and CFO. In his new role, Alam will lead Ecumen’s team of financial services professionals. He previously worked as the director of finance and financial planning and analysis for Medtronic’s restorative therapies group. Welltower Appoints Global Head of Senior Housing Welltower (NYSE: WELL) has named Justin Skiver to the title of senior vice president, global head of senior housing. Skiver has worked with Welltower for about a decade, and most recently worked as senior vice president, international. He also has held the titles of senior vice president, underwriting and vice president of corporate investments. Civitas Promotes Lane to Chief Wellness Officer Civitas Senior Living promoted Bobby Lane to work as its chief wellness officer. Lane first joined Civitas as an executive director in 2015 and most recently worked as the senior vice president of wellness. He succeeds Misty Miller, who formerly held the position before becoming the company’s COO. Frontline Management Names Chief Investment Officer Frontline Management this month named Mohammed Yacoubi its new chief investment officer. In his new [...]
Many senior living organizations struggle with occupancy—with the national senior housing occupancy rate falling in the second quarter of 2019 to 87.8%, its lowest since the second quarter of 2011—while others consistently maintain 95% or higher year after year. So what’s the secret sauce? “It’s not really magic. It starts with culture. Many companies benchmark to the industry. That’s not good enough. We benchmark to our own standards,” said Matt Stevenson, SVP, operations at Oakmont Management Group, during an interview with Senior Living News. “Oakmont’s really built a reputation around maintaining high occupancy and historically has been able to do it consistently at 97% month over month for five years,” said Stevenson, who often is asked how the Windsor, CA-headquartered company maintains such high occupancy levels in every market it’s in—a goal often met within six months of opening. Oakmont’s portfolio currently includes 31 luxury communities, all in California with the exception of two in Nevada, housing about 85 residents in each, with a mix of 71% assisted living and 29% memory care. “We’re measuring to 110% occupancy. Can we get to 100% and allow a 10% wait list? We don’t compare ourselves to the industry. We’re always spending our time, energy and resources on ‘how can we do better?’ 97% is not good enough. What do we need to do to make 98%, 99% and build a wait list?” To build that mentality requires a sales culture as an organization at the community level, he says—one where everyone is [...]
Andrew Moret has been named to the position of regional executive chef specialist for Oakmont Senior Living’s Central Region, supporting communities in Central California and two in Las Vegas. Moret has been working in senior living for approximately six years. He previously spent time as a chef at the Martini House in St. Helena, CA, and was also a chef at the St. Helena Hospital, where he led the “food medicine” program Take Ten, which is designed to help people with their health through food. Moret attended the Culinary Institute of America in Hyde Park, NY. That training included an internship at the 2941 Restaurant in Washington, DC. He also visited China and studied at the Sichuan Culinary Institute of Cuisine.
“Quality over quantity” has become the mantra of the HEALTHTAC® events, which continue to focus on the goal of bringing senior living executives together in an intimate environment designed to maximize productivity and enhance relationship building and collaboration. This was very much in evidence at the recently concluded HEALTHTAC West 2019 produced by Senior Living News® and held at the Rancho Bernardo Inn in San Diego. “HEALTHTAC was incredibly educational on both relevant topics and vendor offerings,” said Pilar Carvajal, Owner/CEO of Innovation Senior Management. “The size of the event was intimate enough that I not only met colleagues; I made friends. I will definitely attend in the future.” Carvajal spoke on the discussion panel, “Affordable Housing and Alternatives for the Middle Markets,” with Ancel Romero, President, Affordable Housing, at HumanGood. “It was a great panel and great conference,” said Chris Schott, executive vice president of Alcore Senior Management, who shared that Alcore has been developing and operating affordable housing for 20 years, with about 25 projects underway—all modular construction. “We all should be talking more about the middle market. It will be our industry’s largest population in the coming years.” Romero believes philanthropy will become a huge component of a non-profit model that could help not only seniors but middle-income workers such as firefighters and teachers. He also sees Life Plan Communities/CCRCs possibly carving out an acre or so on their properties for affordable housing for seniors. Carvajal urged the audience to think outside the box, talking about creative projects, [...]
Oakmont of Varenna names executive director, Ferdinand Buot, for Oakmont of Varenna Ferdinand “Ferdie” Buot has been named executive director at Oakmont of Varenna, an Oakmont Senior Living continuing care retirement community in Santa Rosa, CA. Buot has more than two decades of experience as a nursing home administrator, CEO, health services administrator, regional operations resource director and executive director for various companies. He has a law degree from the University of San Carlos-Philippines and is a licensed and certified nursing home administrator with a residential care facility for the elderly license. Click here to read the full article.
August 30, 2019
Oakmont of Camarillo, a resort-style senior living community, will have an open house from 10 a.m. to 1 p.m. Sat., Sept. 7 at 305 Davenport St. Open to prospective residents, family and the community, the event will offer information about Oakmont of Camarillo, which is set to open this winter. Attendees can meet team members, tour a model home and reserve an apartment. In addition, there will be entertainment and food prepared by the top-rated Oakmont culinary staff, according to a news release. Oakmont is an 86,839-squarefoot community on more than 3 acres that will have 91 homes, including 60 assisted-living and 31 memory-care apartments. The community is close to shopping, fine dining, the arts and world-class entertainment. Some of the other amenities and services to both active seniors and those in need of assisted living and memory care services include: gourmet meals served in a restaurant-style dining room, with a full menu designed and prepared by an executive chef and culinary team; on- and off-site recreational and social activities; a library, movie theater; and fitness center with exercise classes and activity rooms with scheduled socials, games, music and art classes. Additionally, there will be an on-site salon and day spa, private dining room, flower and vegetable garden, walking paths and a pet park; chauffeured transportation and concierge services; a Wellness Center; onsite nurse 7 days a week and 24-hour staff care; and concierge physician programs. Also according to the news release, Oakmont of Camarillo will run a Traditions program, [...]
Transactions & Financings: HCP’s $284M Oakmont Acquisition; Thrive Center-Innovators Alliance Partnership HCP acquires 5 Oakmont properties for $284M HCP (NYSE: HCP) announced in its second quarter 2019 earnings report on Wednesday it acquired a portfolio of five senior housing properties in California operated by Windsor, California-based Oakmont Senior Living. The purchase price was $284 million and is part of $528 million in total acquisitions the Irvine, California-based health care real estate investment trust announced in July. Totaling 430 units, the properties are located in Huntington Beach, Los Angeles, San Jose and San Francisco, and average carry an average age of less than two years. As part of the transaction, HCP assumed $112 million of secured debt and issued down REIT units at $32.05 per share for approximately 11% of the purchase price. Thrive Center, Innovators Alliance form partnership Innovators Alliance and the Thrive Center have joined forces to create Thrive Alliance, a partnership to further accomplish goals for stakeholders in the longevity and aging marketplace. Both groups share a common interest in discovery and research and scaling innovative solutions. The center will be located in Louisville, Kentucky. Each entity will maintain separate boards of directors, but the partnership will have an overarching board to drive overall strategy and oversight of joint ventures. Thrive will continue to focus on innovation as an educational experience center with programs and research. Innovators Alliance will focus on innovation test tracks and piloting innovative solutions. Signature Healthcare CEO Joe Steier will serve as board chair. Pike Properties, Thrive Senior Living awarded $26.5M of development equity Cushman & Wakefield Senior Housing Capital [...]
July 31, 2019
SACRAMENTO — Oakmont Senior Living has named Terry Ervin as executive director of Oakmont of East Sacramento, a 135-unit assisted living and memory care community currently under construction in Sacramento. Located in the city’s upscale Fabulous Forties neighborhood, the 140,000-square-foot community sits on 3.5 acres and is scheduled for completion in spring 2020. Ervin previously served as executive director of Oakmont of Carmichael. Click here to read the fully story.
IRVINE, Calif., July 31, 2019 /PRNewswire/ -- HCP, Inc. (HCP) today announced results for the second quarter ended June 30, 2019. For the quarter, HCP generated a net loss of $0.03 per share, NAREIT FFO of $0.41 per share, FFO as adjusted of $0.44 per share and blended Total Portfolio SPP Cash NOI growth of 3.5%. SECOND QUARTER 2019 FINANCIAL PERFORMANCE AND RECENT HIGHLIGHTS – Closed on $842 million of acquisitions in the second quarter, including $803 millionpreviously announced $245 million previously announced acquisition of Sierra Point Towers in South San Francisco $445 million previously announced acquisition of nine recently-built senior housing properties operated by Discovery Senior Living ("Discovery") $113 million previously announced acquisition of three recently-built senior housing properties operated by Oakmont Senior Living ("Oakmont") $24 million of other miscellaneous senior housing acquisitions $15 million acquisition of an on-campus medical office building in Overland Park, Kansas (Kansas City MSA) – Closed on $528 million of newly announced acquisitions in July 2019 $228 million four-building life science campus in Lexington, Massachusetts $284 million portfolio of five recently-built senior housing properties in Californiaoperated by Oakmont $16 million building on an existing HCP life science campus in the Sorrento Mesa submarket of San Diego, California – Entered into an agreement to sell our direct financing lease interests in 13 non-core senior housing properties for $274 million – Delivered Phase III of The Cove in South San Francisco, representing 324,000 square feet of Class A life science space that is 100% [...]