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Milestone News

JOE JEDLOWSKI WELCOMED TO MILESTONE OWNERSHIP

FOR IMMEDIATE RELEASE, April 13, 2016

The Milestone Retirement Communities Ownership Team is proud to announce an exciting and important development: On April 1, 2016, we welcomed Joe Jedlowski, Senior VP of Operations, as an owner in Milestone.

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The Milestone Retirement Communities Ownership Team is proud to announce an exciting and important development: On April 1, 2016, we welcomed Joe Jedlowski, Senior VP of Operations, as an owner in Milestone.

Joe has been with Milestone nearly 5 years and has shown in many ways his value, hard work, skills at building relationships and abilities at guiding communities to achieving success.  Joe is a tireless worker, is practical, optimistic and leads by example.  His effort and integrity have given us reason to bring him into the ownership group to help guide the company for many years to come.

Over the years, he has become an expert in operational and financial executive management across multiple sites and states. This talent proves advantageous in the management of seniors housing projects such as: new construction developments, acquisitions, change management, human resources and overall relationship building (employee, resident, vendor and investor).

He shares his expertise with the larger industry as well, sitting on the Board of Directors of the Arizona Assisted Living Federation Association (Executive Committee) and remaining active with the American Geriatrics Society, National Association of Health Services Executives, The American College of Healthcare Administrators and The American College of Healthcare Executives.
 
He holds a degree in health care and business from American University, and is a Certified Dementia Practitioner (CDP) through the National Council of Certified Dementia Practitioners. He also holds a degree in nursing home administration from the School of Aging and Long Term Care at the University of Wisconsin-Madison.


IN THE NEWS: Capitol Senior Housing Buys Historic Community

By Amy Baxter, Senior Housing News - Mon. Feb 29, 2016

Capitol Seniors Housing Buys Historic Seattle Community for $36.3 Million

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Holiday Fenoglio Fowler (HFF) arranged the sale and acquisition financings for Queen Anne Manor, a Seattle seniors housing community purchased by Capitol Seniors Housing for $36.3 million. Senior Managing Directors Ryan Maconachy and Chad Lavender and associate Sarah Baccich led the HFF team.

The seller was undisclosed in the transaction of the asset, which was free and clear of existing debt. The asset, which is situated on just over one acre, is located in Seattle’s Upper Queen Anne neighborhood. The community has 93 units, including 54 assisted living units and 39 memory care units averaging 294 square feet each. At the time of the sale, the building was 96% occupied.

The building was most recently renovated in 2015. The west building of the property was originally built in 1908 and the east building in 1927.

Vancouver, Washington-based Milestone Retirement Communities LLC will manage the property.

IN THE NEWS: New Senior Housing Developer Aims to Be Prime-Time Player

By Tim Mullaney, Senior Housing News November 2, 2015

Chance played a role in bringing Douglas Wilson Companies into the senior living development business, but the firm is not banking on good luck and favorable demographics alone to succeed.

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Chance played a role in bringing Douglas Wilson Companies into the senior living development business, but the firm is not banking on good luck and favorable demographics alone to succeed. The 26-year-old company has partnered with an established operator, is seeking private equity backing and is positioning itself to become a notable player in one of the nation’s major markets.

Founded in 1989 and headquartered in San Diego, Douglas Wilson Companies has experience in constructing and managing various types of properties; its developments include a $155 million condominium project and a mixed-use office and hotel valued at $165 million. It also provides problem resolution and fiduciary services, as well as brokerage services, and describes itself as the largest firm of its kind, having provided receivership services in over 1,000 matters involving assets valued in excess of $15 billion.

“About two years ago, we sat down as a family enterprise and said, what kind of asset class do we want to develop and hold on to as a source of cash revenue?” Chairman and CEO Douglas Wilson tells Senior Housing News.

Perhaps not surprisingly, given the demographic tailwinds, senior housing emerged as the answer.

But it wasn’t until six months later that a friend of the firm put it in touch with Calvary Chapel—the church had a plot of real estate that was essentially ready-made for senior living, complete with the right titles and other bureaucratic necessities.

The opportunity was “very, very serendipitous,” Wilson says.

A market study of the area—San Diego County’s Eastlake region—came back with favorable findings. Douglas Wilson Companies forged ahead with a joint venture, under which Calvary can maintain its nonprofit tax status while taking an economic stake in the for-profit senior housing community to be built on the land.

At this point in the story, despite Douglas Wilson Companies’ pedigree, warning lights might be going off for established senior living owners and operators. They’ve noted an influx of untested developers entering senior living recently, enticed by the thought of rising consumer demand and enabled by the availability of capital.

The potentially destabilizing effects of these developers creating sub-par projects is creating much anxiety in the industry, according to a recent survey.

Some of this concern might be because the establishment doesn’t want anyone new in the sandbox, Wilson surmises. Still, he gives credence to the worries.

“I think that’s a legitimate concern in a lot of businesses, if you have not ready for prime-time players getting involved,” Wilson acknowledges. “By aligning with a well-regarded operator, I think we defuse that.”

That operator is Vancouver, Washington-based Milestone Retirement Communities LLC. The company has a footprint throughout the West and Southwest, as well as one community in Virginia.

After meeting with numerous different operators, the relationship with Milestone clicked, Wilson said.

“The thing that really solidified it for us was when we met with their executive team, there wasn’t a lot of ego there,” he said. “They’re very passionate about the business, they’ve been in it a long time and have a lot of respect in the industry from peers and financing communities. And they recognized that they didn’t really have the development credibility we had, so to align with us would help them as well to facilitate their growth.”

The venture is moving forward quickly now, with hopes to break ground early next year. A name has not yet been chosen but is under discussion; still, Douglas Wilson Companies already is putting together a plan for sourcing other opportunities.

The projects themselves likely would be 100- to 125-bed assisted living communities with a memory care component. The potential footprint would span from Southern California to neighboring areas of the Southwest, but not too far afield, according to Wilson.

While some markets are showing signs of overbuilding, fueling concerns about a surplus of assisted living supply, it appears that the geographic area eyed by Douglas Wilson Companies might indeed be a strong region to support new developments. Los Angeles, San Diego and Phoenix have good profiles when it comes to supply risk over time, according to a recently released analysis.

As for financing, Douglas Wilson Companies is looking for an institutional equity partner along the lines of the Carlyle Group, and is finding “strong responses” from capital providers, Wilson said. The plan is not complicated from this standpoint, he added.

“Raise the equity, put in a co-invest piece, get a construction loan, stabilize [the property], put in a permanent loan,” he summarized.

In what might serve as some reassurance to long-time senior living players who are worried about the impact of new entrants, Douglas Wilson Companies acknowledges its newcomer status and is trying to tap into the expertise of industry veterans. In addition to seeking out highly reputable partners for the operations and investment pieces, the developer has tapped Ewing Architects, a firm with senior living experience, to design the first community.

“We wanted to surround ourselves with the best and brightest,” Wilson said.

IN THE NEWS: Tour shows off senior-living facility

By Rodd Cayton, Mohave Valley Daily News - Fri., Nov. 6, 2015

What’s new in the neighborhood? The neighborhood.

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The public was given a tour Wednesday afternoon of the new Joshua Springs Senior Living community.

The community features 74 assisted- and independent-living apartments and 30 special “In the Moment” memory care units, which will serve residents with dementia or other memory loss.

Joshua Springs executive director Sandy Hicks said the people behind the project are excited about bringing it to Bullhead City. He said the response has been overwhelmingly positive.

Kim Cool, community sales director, put numbers to Hicks’ statement; she said that 33 people had signed up before Wednesday’s grand opening and are scheduled to move in at the end of November.

Cool said that residents will find everything they need on sight. Features include a beauty/barbershop, a laundry room on each floor (no rummaging around for quarters, because they’re residential machines), a craft and activity room and an 18-seat theater/chapel.

While many apartments have kitchenettes, Cool said, a downstairs bistro will offer common meals.

The signature “In the Moment” program, Cool said, is structured to help a resident navigate his or her day as it suits them, with specially trained staff joining in the moment in which the resident is living, adapting personalized engagement activities, assistance and care accordingly.

Joshua Springs is managed by Vancouver, Wash.-based Milestone Retirement Communities.

Ron Ziebart of Link Development said the groundwork for what eventually became Joshua Springs was laid about seven years ago with a different senior living community in mind.

The initial developer sold the property to the current owners about four years ago, he said, and the plan was altered slightly.

“The community has just been waiting and waiting,” Ziebart said.

Construction started about a year ago, he said, and neighbors and city staff have been very cooperative as the project moved along.

Ziebart said he thinks Joshua Springs will do really well. He said that the principals opened a similar property in Kingman last September, and that it’s about 64 percent occupied.

Ziebart said the principals plan to make some spaces inside available for various events.

Joe Jedlowski, Milestone’s vice president of operations, said the company saw the Bullhead City area as potentially receptive to the entry of a home filling the hospitality-focused niche.

Wednesday’s guests each were given a “passport” inviting them to visit various areas of the community. Each was staffed by an employee who provided information about that particular amenity and stamped the passports.

Fully marked passports were eligible to win prizes.

Terri Eddards of Bullhead City said she thought the community was beautiful.

“I’m ready to move in,” she said.

Eddards said she was impressed by the number of amenities and the way the staff, whom she found pleasant, friendly and helpful.

“It’s more like a nice resort,” she said. “I would be very happy here.”

Wednesday’s event was the third this week, following a Monday Founders Club luncheon for the residents-to-be and a Tuesday VIP open house at which local dignitaries and healthcare professionals were given a sneak peek.

The three events had a total attendance of 510, Cool said.

JOSHUA SPRINGS SENIOR LIVING SET TO OPEN ON NOVEMBER 4, 2015 FOR FIRST RESIDENTS

FOR IMMEDIATE RELEASE, OCTOBER 14, 2015

The 104 apartment senior living community is ready to serve the Bullhead City and surrounding area with assisted living and memory care services.

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The 104 apartment senior living community is ready to serve the Bullhead City and surrounding area with assisted living and memory care services.

Joshua Springs Senior Living Executive Director Sandy Hicks states, “We are very excited to join the community of Bullhead City. Everyone has been very welcoming and we have seen an overwhelmingly positive response to the services we offer at Joshua Springs.”

Specifically designed to bring life right to the resident door, Joshua Springs is purposefully designed to cater to active seniors, those needing assistance with activities of daily living, and those with dementia or other memory loss. Joshua Springs Senior Living will be providing residents with beautiful apartment homes and personal care services as needed. Dining services, theater, library and computer center, on-site salon services and recreation rooms make up a beautiful vibrant new home, while caregivers add the peace of mind of added care as needed.

Hicks adds, “Community living can provide improved quality of life that a person may be missing when they live at home alone. Residents still have their independence in their own apartment, but right outside the door are services and people they can call upon for help with personal assistance and opportunities for many new friendships.”

A key component that distinguishes Joshua Springs is a program that focuses on those living with memory loss. The signature In the Moment® program will provide the care and structure in an intimate and a very supportive environment. The unique approach is structured to help a resident navigate their day and join them in the moment they are living, adapting personalized engagement activities, assistance and care accordingly.

Joshua Springs will be having an opening celebration on Wednesday, November 4 from 4:00 to 7:00 p.m. The public is invited to tour the community, refreshments will be served. Come by and see your new neighbor!

Joshua Springs Senior Living will be providing full and part time employment for 75 positions and is professionally managed by Milestone Retirement Communities, LLC based in Vancouver Washington.

For more information regarding Joshua Springs Senior Living community or the services please contact Rosellen De Simone, Regional Director of Sales and Marketing (360) 836-2976.

WHITE CLIFFS SENIOR LIVING CELEBRATES ONE YEAR SERVING SENIORS IN KINGMAN

FOR IMMEDIATE RELEASE, OCTOBER 7, 2015

White Cliffs Senior Living announces their One Year Anniversary in service to seniors and their families in Kingman and the surrounding area.

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White Cliffs Senior Living announces their One Year Anniversary in service to seniors and their families in Kingman and the surrounding area. They have had a very successful year building a community of seniors, helping them enjoy the lifestyle, amenities and care services that are designed to enhance their lives.

Community Relations Director, Cecelia Clouser says, “Kingman has welcomed White Cliffs to the community so warmly and responded very positively to the service we offer.” White Cliffs has also enjoyed becoming an integral part of the Kingman community, becoming the host sight for Rotary meetings, women’s groups, support groups and having an ongoing calendar of educational and social events for the people of Kingman to enjoy. Clouser goes on to add, “I love the way we have become a community center, it adds vibrancy to our residents lives and interesting opportunities for the residents of Kingman.”

Having assisted over 75 families since its opening in October 2014, White Cliffs Senior Living offers assisted living and memory care purposefully designed to cater to active seniors, those needing assistance with daily living, and those with dementia or other related memory loss. White Cliffs provides residents with a beautiful personal apartment homes, a social lifestyle and personal care services as needed. White Cliffs honors the uniqueness of individuals and, as such, have incorporated as many options as possible into their programs.

Our signature In The Moment® Memory Care Program, has provided a much needed service in the Kingman area and we have assisted over 40 families in the last year with care and services for memory loss. The memory care program is designed to foster resident well-being and stimulate warm memories. Caregivers promote and encourage residents to engage in hobbies and activities of their choice and passion, with activities and events tailored to each resident’s abilities and interests.

We invite you to stop by and experience for yourself why so many have called White Cliffs their home and family over the past year.

The White Cliffs Senior Living community is managed by Milestone Retirement Communities, LLC, located in Vancouver, Washington. Currently, Milestone manages over 30 communities in ten states.

Milestone is privately held and is headquartered in Vancouver, Washington, with communities in Washington, Oregon, Idaho, Arizona, California, Nevada, Colorado, Utah, Oklahoma and Virginia.

Contact: Rosellen DeSimone, Milestone Retirement Communities, 360-836-2976

ALMOND HEIGHTS SENIOR LIVING OPENED FOR FIRST RESIDENTS ON SEPTEMBER 21, 2015

FOR IMMEDIATE RELEASE, SEPTEMBER 1, 2015

The 117 apartment senior living community serves Orangevale and surrounding area with assisted living and memory care services.

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Almond Heights Executive Director Chad Mundy states, “Sometimes people are reluctant to move from their long time home, but the need for care can surpass the ability to safely stay at home.  Anecdotal story after story from residents confirm that after transitioning to a senior living community, they meet people with common interests, start to socialize, enjoy a regular meal schedule and management of medications, and as they are engaged physically, mentally and spiritually,  they thrive.”

Specifically designed to bring life right to the resident door, Almond Heights includes many amenities for seniors to enjoy an easier lifestyle. Dining Services, gardens, theater, library and computer center, salon services and recreation rooms make up a beautiful vibrant new home, while licensed nursing and caregivers add the peace of mind of added care as needed.

Mundy adds, “The environment we create in our communities is to see individuals thriving, living some of their greatest moments and creating great memories for families. It’s very gratifying to see individuals — who otherwise would be home by themselves — being around a group of people, who are now friends, and laughing, it is a continuation life.”

A key component that distinguishes Almond Heights Senior Living is the state of the art addition of the GE QuiteCare™ motion monitoring system in each apartment. The QuietCare software learns the normal activity patterns of residents as they go about their normal daily activities with their privacy intact. The QuietCare can detect changes in daily activity, such as sleeplessness or late rising that may indicate an emerging health problem. The alerts allow the care to team to deliver prompt and proactive care to try and prevent more serious issues from happening.

Another key service on offer at Almond Heights is for those who are living with memory loss. The signature In the Moment® program will provide the care and structure in an intimate and a very supportive environment. The unique approach is structured to help a resident navigate their day and join them in the moment they are living, adapting personalized engagement activities, assistance and care accordingly.

Almond Heights Senior Living provides full and part time employment for 75 positions and is professionally managed by Milestone Retirement Communities, LLC based in Vancouver Washington.

Contact: Karen Powers, Milestone Retirement Communities, 360-882-4500

RED CAPITAL CLOSES $14M CONSTRUCTION LOAN FOR UTAH ASSISTED LIVING, MEMORY CARE FACILITY

FOR IMMEDIATE RELEASE, MARCH 27, 2015

Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC, completed a $13.86 million balance sheet construction loan to Link Development LLC.

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Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC, completed a $13.86 million balance sheet construction loan to Link Development LLC.

The loan is for the construction of Summit Senior Living, located in Kearns, Utah, just outside Salt Lake City.

The loan will support the construction of a two-story assisted living (AL) and memory care (MC) facility built on approximately 3.9 acres parcel. It will consist of 75 assisted living apartments as well as 32 specially designed memory care bed apartments.

Once completed, the community will be managed by Milestone Retirement Communities, LLC, located in Vancouver, Washington. Currently, Milestone manages over 29 communities in nine states.

Summit Senior Living is designed to cater to active seniors, those needing assistance with activities of daily living, and those with dementia or other memory loss. Summit Senior Living will be providing residents with a beautiful home-like environment and personal care services as needed.

Link Development, LLC, is an Oregon based company that specializes in developing assisted living centers and has ten projects across the west.

Seabold Construction, Inc, is the General Contractor on the $17.9 million project with a projected completion date of early March 2016.

Ankrom Moisan Architects are the architects on the project.

“This was a very complex deal and a great opportunity for RED to develop a new relationship with Ron Ziebart and Link Development,” said Kathryn Burton Gray, senior managing director for RED. “We look forward to working with him and his team on future projects.”

Milestone is privately held and is headquartered in Vancouver, Washington, with communities in Washington, Oregon, Idaho, Arizona, California, Nevada, Colorado, Oklahoma and Virginia.

Contact: Karen Powers, Milestone Retirement Communities, 360-882-4500

RED CAPITAL COMPLETES $9M CONSTRUCTION LOAN FOR COLORADO MEMORY CARE FACILITY

FOR IMMEDIATE RELEASE, MARCH 27, 2015

RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC, recently completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzp

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RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED Capital Group, LLC, recently completed an $8.8 million balance sheet construction loan to Milestone Retirement, the Crystal Group and Taylor Fitzpatrick Capital.

The loan is for the construction of Lakewood Memory Care, a Class A development located in Lakewood, Colorado, just outside of Denver.

The loan will support the construction of the one, single story, building containing 46 memory care units, with 52 beds (40 private studios and six semi-private studios). The general contractor for the project will be Brinkman Partners.

Pacific Northwest-based Milestone Retirement Communities, LLC, will manage and operate the memory care facility.

“This was the first non-agency, non-recourse construction loan Milestone has closed on, and we were pleased to be one of RED’s first borrowers on this program,” said Paul W. Dendy, CEO of Milestone Retirement Communities, in a statement. “RED is committed to this type of loan and has the capability to do more of them, which is important to us since we have a development pipeline in various stages of work. Our project will benefit from this loan structure and terms.”

Milestone is privately held and is headquartered in Vancouver, Washington, with communities in Washington, Oregon, Idaho, Arizona, California, Nevada, Colorado, Oklahoma and Virginia.

Contact: Karen Powers, Milestone Retirement Communities, 360-882-4500

IN THE NEWS: CareTrust REIT Completes $7.5 Million Preferred Equity Investment

By NASDAQ GlobeNewswire - Thurs., Jan 8, 2015

CareTrust REIT, Inc. (Nasdaq:CTRE) today announced that it completed a $7.5 million preferred equity investment with Signature Senior Living and Milestone Retirement Communities.

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The investment will be used to develop Signature Senior Living at Arvada, a planned 134-unit upscale assisted living and memory care community in Arvada, Colorado, a first-ring suburb of Denver. The community will be constructed on a five-acre site, and is slated for completion in early 2016.

"We are pleased to be partnering with the CareTrust team on this project," said Paul Habeeb, founder and Chairman of Signature Senior Living. "They understood the challenges of financing new seniors housing development, and provided a vital piece of the capital structure we needed to get it done," he added.

Paul Dendy, Chief Executive Officer of Milestone, agreed. "Milestone believes that the partnership with Signature and CareTrust is a platform for intelligent growth in the seniors housing space," he said. "It allows us to target under-served and high-barrier-to-entry markets, where we can bring the best in design, programs and operations to the residents, staff and investors we serve," he noted.

CareTrust Chief Financial Officer Bill Wagner noted that CareTrust was attracted to the Arvada opportunity based on the excellent market characteristics, well-located site and especially the experienced development and operations teams. "The Signature and Milestone teams together bring years of quality industry experience in seniors housing development, investment and management," he said. "We believe that combining their skills and our funds with the demand for quality senior living in the Denver marketplace make this project work, and work well," he added.

The preferred equity investment delivers a 12.0% annual preferred return to CareTrust. After development Milestone will manage the community to stabilization, and then a Milestone operating entity in which Signature is a participant will operate the community under a long-term net lease. With its investment, CareTrust obtained an option to purchase the new community at a fixed-formula price upon stabilization, with an initial lease yield of at least 8.0%.

About Signature Senior Living

Signature Senior Living, LLC is a private for-profit senior housing provider currently developing assisted living and memory care facilities in Colorado and Southern California. More information about Signature is available at www.signaturesl.com.

About Milestone Retirement Communities

Milestone Retirement Communities, LLC is a privately-owned Vancouver, Washington company founded by Paul Dendy, Mark Wiesner and Don Anderson. Milestone manages 27 communities totaling 2,773 resident units, and Milestone's principals have ownership or lease positions in 24 of the 27 communities. The company manages two other properties in Colorado: Caley Ridge in Englewood and Northglenn Heights in Northglenn. More information about Milestone is available at www.milestoneretirement.com. 

IN THE NEWS: Adult day care coming to Casa Grande

By Susan Randall, Casa Grande Dispatch - Mon., Dec. 1, 2014

Caliche Senior Living, planned for the northeast corner of Peart Road and Cottonwood Lane, will include more than 5,000 square feet of adult day care space, said Paul Tice, planning and development director for the city of Casa Grande.

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The developers have secured a zoning permit and conditional approval of their development plan and are currently in the building permit review process.

“So that one is live,” Tice said. “It’s making its way through the system.”

Architect Gunnar Langhus said the adult day care center has been designed to accommodate the maximum number of people allowed by state law, and they can stay for an hour or two or all day.

“With that comes activity spaces,” he said, including a TV lounge, a quiet room, craft rooms, rooms for large and small group activities, a cafe-like dining area for lunches and snacks, lots of bathrooms and a secured outdoor courtyard and porch.

“It’s a very supportive environment,” Langhus said, even for people who have some dementia.

Sometimes people are reluctant to go to day care, he said, but when they get there, they meet people with common interests and start to socialize, do crafts and play games, and they are stimulated physically and mentally and want to return.

Mark A. Wiesner, chief operations officer and co-owner of Milestone Retirement Communities, said the adult day care facility at Caliche Senior Living is designed “to allow families to bring their loved ones for the day, and we will keep them active and engaged and involved with other people and doing things so they can have a high-quality experience.”

Milestone already has a successful adult day care center at Arbor Rose Senior Care in Mesa, he said, and has been looking at Casa Grande for a while because of a high need.

They hope to break ground for Caliche Senior Living in 60 days, he said, with assisted living apartments, a full-time memory care unit, respite care and adult day care opening in January or February 2016.

Wiesner said the adult day care center will operate Mondays through Fridays to start and expand to weekends if there is enough demand.

“We’re going to let the community tell us what we need to be,” he said.

People will be able to drop off their family member or Caliche will pick the person up at home, as it does in Mesa.

“We’ll pick them up and bring them to the day care, where they will spend their day engaged with other people, doing activities and smiling and having fun,” Wiesner said, “and at the end of the day, we’ll take them home.”

Wiesner said people are welcome to visit Arbor Rose Adult Day Club at 6033 E. Arbor Ave., near Banner Baywood Medical Center in Mesa.

“It’s very gratifying to go there and see individuals — who otherwise would be home by themselves — being around a group of people and laughing,” he said. “It’s a nice environment, yet what we are building in Casa Grande is going to be much more state of the art than what we have in Mesa.”

MILESTONE LAUNCHES PROGRAM DEDICATED TO THOSE WITH MEMORY LOSS

FOR IMMEDIATE RELEASE, NOVEMBER 17, 2014

Milestone Retirement Communities announces the launch of their signature In The Moment Care Program.

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Milestone Retirement Communities announces the launch of their signature In The Moment Care Program. The In The Moment Care Program is a specific approach to caring for those with memory loss with a care program that crafts a personal and meaningful experience for residents. The program and training is designed to understand a person’s past and their habits, enabling the memory care community caregivers to assist the person in the present and help them navigate through their day.

“Our In The Moment Care Program philosophy does not simply mean a scheduled activity on the calendar, “states Jim Altrichter, Milestone Vice President of Clinical Services. “With care and compassion, we engage the residents living with us and meet them in the moment they are in. Whether a happy moment from 40 years ago or easing them through moments of disorientation that can come with memory loss.”

The In The Moment philosophy features the 6 Elements of Engagement, which address specific individual needs for the whole person. This holistic approach is designed to engage a resident in unlimited ways throughout the day and night. The 6 Elements of Engagement include artistic expression, physical engagement, spiritual support, community connections, continuing education, and lifestyle and leisure.

Milestone is launching the In The Moment staff training and program elements in all of it’s communities that provide memory care services. Milestone is privately held and is headquartered in Vancouver, Washington, with communities in Washington, Oregon, Idaho, Arizona, California, Nevada, Colorado, Oklahoma and Virginia.

Contact: Karen Powers, Milestone Retirement Communities, 360-882-4500

Caliche

CALICHE SENIOR LIVING COMING SOON TO CASA GRANDE, AZ

FOR IMMEDIATE RELEASE, JUNE 28, 2014

Coming soon to Casa Grande is the groundbreaking for Caliche Senior Living, a project with Link Development, Milestone Retirement Communities, LLC and Villa’s by Mary T.

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With the gracious support of the city of Casa Grande and Mary Tjosvold, Caliche Senior Living is purposely located in the neighborhood of “Villas by Mary T”. Mary T is expanding her current senior apartments and townhomes, which will be next door to the Caliche Senior Living community. While also owning senior developments in Wisconsin and Minnesota, Mary T. has been an integral part of the Casa Grande community for over 17 years. 

We are very excited to be a part of this development with her. The intent by all is to provide the community of Casa Grande with a full complement of senior services in one convenient location. This project has been approved by the City of Casa Grande Planning Commission and anticipated submittal for building permits is in approximately 30 days. These combined projects will have a major financial impact to the overall community; specifically, with additional potential employment of approximately 80 to 100 full time employees, and contracts with local Casa Grande businesses for product and services. 

The 3-story, senior housing community will be built on a 5.15 acre parcel located at East Cottonwood and Peart Road and will consist of 83 assisted living apartments as well as 22 memory care apartments with a mix of private and semi-private accommodations. The community will be 96,000 square feet and is scheduled to be completed in the summer of 2015. Caliche Senior Living is designed to cater to active seniors, those needing assistance with activities of daily living, and those with dementia or other memory loss. Caliche Senior Living will be providing residents with a beautiful apartment home with the added benefit of personal care services as needed. We honor the uniqueness of individuals and, as such, have incorporated as many options as possible into our programs. 

A highlight of the Caliche community will be the Adult Day Club, designed to serve up to 40 people per day for single-day participation in activities, providing support and respite for busy caregiving family members. Caliche Senior Living will be professionally managed by Milestone Retirement Communities, LLC, a senior housing management company with over 70 years of combined experience in senior housing and related fields. Milestone Retirement has a proven track record with their depth and practical knowledge necessary to lead senior living communities for the success of the resident, their families and the community of Casa Grande. 

Visit them at www.milestoneretirement.com. Please follow our progress on our website and look for grand opening information in mid-summer July, 2015. Further details will be available as construction progresses. Inquiries: Milestone Retirement Communities www.milestoneretirement.com 360-882-4500

MILESTONE CELEBRATES 6 YEARS OF GROWTH AS A COMPANY

FOR IMMEDIATE RELEASE, JUNE 16, 2014

Milestone was founded in 2008 by Paul Dendy, Don Anderson and Mark Wiesner, and has grown from 6 managed communities containing 289 units/beds to 27 managed communities containing 2,727 units/beds.

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Milestone was founded in 2008 by Paul Dendy, Don Anderson and Mark Wiesner, and has grown from 6 managed communities containing 289 units/beds to 27 managed communities containing 2,727 units/beds.  The portfolio is comprised of 421 IL apartments, 1,637 AL apartments and 669 beds for memory care.  Its communities are located in 9 states, primarily in the Pacific and Mountain Time Zones.  Thirteen of the communities are managed only, with Milestone’s management team having interests in the real estate or operating leases of 15 communities.

In addition to the 27 communities managed currently, Milestone will be the management company and an investor in one community under construction (107 units of Assisted Living and Memory Care, which will open in August) and 5 others in early stages of development.  A joint venture is being created between Milestone and a developer to create an Assisted Living/Memory Care community in a very high barrier to entry market in Southern California. The company is working with a private investor to acquire under-performing seniors housing assets and create value through improvements to the physical plant and operations.  The first of those acquisitions, a 107 unit community in Boise, Idaho, is scheduled to close by the end of June.

It has never been Milestone’s goal to grow to a specific size or at a certain pace.  We have been blessed to have grown as we have, and none of it would have been possible without our strong and experienced team of professionals that we have added since 2008.  Business expansion presents opportunities for personal growth of existing staff and to add positions to our team that benefit all communities that we manage. 

The present development and acquisition pipeline gives Milestone a predictable expansion velocity, further allowing us to develop and add team members so that we can continue our mission of providing quality and thorough service to the residents, their families, our staff and the owners of all the communities we manage.

Milestone’s business plan has always included third party management.  Of the 15 communities in which Milestone’s management team has an ownership interest, 8 of those originally were third party management contracts.  Over time, Milestone has either been invited to become an owner or has arranged for the sale of the communities by the third party owner and has formed a new entity to lease the communities from investors, both REITs and private investors.

In keeping with this strategic path, Milestone’s principals currently are in the process of working with a REIT to acquire and lease to a new Milestone related entity several of the communities presently managed by Milestone but owned by third parties and a community owned by the same parties that Milestone does not currently manage.  Those transactions will be completed in the fall of 2014.

Milestone is privately held and is headquartered in Vancouver, Washington.

For further information call Paul Dendy, CEO, Milestone Retirement Communities

360-882-4500

MILESTONE NAMED TO MANAGE 10 SENIORS HOUSING COMMUNITIES

FOR IMMEDIATE RELEASE, AUGUST 1, 2013

Rood Investments, LLC (Vancouver, WA) has named Milestone Retirement Communities, LLC to manage its portfolio of 10 seniors housing communities in Washington, Oregon and California.

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Rood Investments, LLC (Vancouver, WA) has named Milestone Retirement Communities, LLC to manage its portfolio of 10 seniors housing communities in Washington, Oregon and California.  The communities consist of 1,433 units and beds of independent living, assisted living and memory care apartments.  In addition, Rood Investments is developing an Assisted Living and Memory Care community comprising 116 units in Orangevale, California that Milestone will manage.  Construction is expected to begin this month.  Rood Investments continues to own all the communities managed by Milestone and remains actively involved in the overall direction of the communities.

Gary Rood, principal of Rood Investments stated "We selected Milestone after considering several management companies.  What sets them apart is their commitment to support the community Executive Directors and their teams with significant on-site involvement from all disciplines.  Milestone's operating model has their support team in every one of our communities on a regular basis with additional attention given where needed.  Milestone's principals own or lease communities themselves, so they know exactly what our expectations are as owners.  Their record of growth and results speaks volumes."

Milestone was founded in 2008 by Paul Dendy, Don Anderson and Mark Wiesner, and has grown from 6 managed communities containing 289 units to 28 managed communities containing 2,833 units/beds, Its communities are located in 9 states, primarily in the Pacific and Mountain time zones.  Milestone's principals have ownership or lease positions in 15 of the 28 communities.

"Milestone is truly pleased to take on management of the communities owned by Rood Investments," stated Paul Dendy, Milestone's CEO.  "These communities fit our geographic footprint very nicely and give us critical mass to broaden and deepen our management team for the benefit of all 28 communities we manage.  The expansion of our team also gives us the capability to take on additional management assignments at our option."

In addition to the 28 communities managed currently, Milestone is involved as the management company and as an investor in one community under construction and 5 others in early stages of development.  Milestone is privately held and is headquartered in Vancouver, Washington.

ARBOR ROSE SENIOR LIVING OPENS ITS NEW 22 BED MEMORY CARE AND 17 BED ASSISTED LIVING IN MESA, ARIZONA

FOR IMMEDIATE RELEASE, FEBRUARY 1ST, 2012

Milestone Retirement Communities is pleased to announce the opening of a new 22 bed Memory Care and 15 bed Assisted Living at Arbor Rose Senior Living in Mesa, Arizona.

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Milestone Retirement Communities is pleased to announce the opening of a new 22 bed Memory Care and 15 bed Assisted Living at Arbor Rose Senior Living in Mesa, Arizona.  Arbor Rose opened its doors in January of 2000 with 10 assisted living beds.  They now offer 46 assisted living beds, 22 secure memory care beds and 20 inpatient beds for hospice with Hospice of the Valley, in addition to an award-winning adult day care program with a daily capacity of 50 guests.

An entity controlled by Milestone's founders has leased and operated Arbor Rose since 2011.  Milestone is a privately held management company operating 16 seniors housing communities comprised of 1,324 resident units/beds.  Milestone's principals have ownership or lease positions in 10 of those 16 communities.

CONSTRUCTION BEGINS ON NEW 48 BED MEMORY CARE COMMUNITY IN MESA, ARIZONA

FOR IMMEDIATE RELEASE, JANUARY 5TH, 2012

Milestone Retirement Communities is excited to announce that construction has begun on The Summit at Sunland Springs Memory Care Community in Mesa, Arizona.

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Milestone Retirement Communities is excited to announce that construction has begun on The Summit at Sunland Springs Memory Care Community in Mesa, Arizona.  The community is located at 2415 Signal Butte Road, Mesa, AZ, and is scheduled to be complete and ready to welcome new residents in late 2012.  Milestone is working closely with Farnsworth Development and the Ahlstrom family during the construction process, and is thrilled to be partnering with one of the most recognizable age-restricted housing developers in the Phoenix area.  Check out the new website (still under construction) by clicking on the following link - Thesummitaz.com and track the construction progress through our photo gallery.

ROSELLEN DESIMONE JOINS MILESTONE RETIREMENT COMMUNITIES

FOR IMMEDIATE RELEASE, JANUARY 1, 2012

Milestone Retirement Communities is pleased to announce the appointment of Rosellen DeSimone as Regional Director of Sales & Marketing.

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Milestone Retirement Communities is pleased to announce the appointment of Rosellen DeSimone as Regional Director of Sales & Marketing.  Rosellen brings over 17 years  in the seniors industry, working in a variety of care level communities which include independent, assisted and memory care settings. Rosellen was most recently Corporate Director of Sales with Senior Resource Group in California, overseeing 19 communities in 8 states comprising of 2381 units.  Prior to that, Rosellen was West coast area Sales Manager at Sunrise Senior living in Virginia, where she was recruited to develop and launch a strategic sales & marketing plan for an innovative new project "Condos for Life'. There she partnered with corporate headquarters and an award-winning architectural firm on design & construction processes for the sales gallery.   Rosellen brings a unique leadership, management and coaching style that works in concert with the core values and principles of Milestone Retirement Communities. 

Milestone is a privately held management company operating 16 seniors housing communities comprised of 1,324 resident units/beds.  Milestone's principals have ownership positions in 10 of those 16 communities.

JOE JEDLOWSKI JOINS MILESTONE RETIREMENT COMMUNITIES

FOR IMMEDIATE RELEASE, July 5, 2011

Milestone Retirement Communities is pleased to announce the appointment of Joe Jedlowski as Regional Director of Operations

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Milestone Retirement Communities is pleased to announce the appointment of Joe Jedlowski as Regional Director of Operations.  Joe was most recently with Atria Senior Living in Louisville, KY, where he was Vice President of Operations for the Mid-Atlantic and Mid-West, overseeing 12 Assisted Living/Independent Living communities (1400 units) in each region.  Prior to that, Joe was Vice President of Operations with Senior Living Care Corp for 9 years.  Joe brings a wealth of experience to Milestone specifically in healthcare administration, sales and marketing, budgeting and P&L management. 

Milestone is a privately held management company operating 16 seniors housing communities comprised of 1324 resident units/beds.  Milestone’s principals have ownership positions in 10 of those 16 communities. 

MILESTONE TO MANAGE A MEMORY CARE COMMUNITY TO BE BUILT

FOR IMMEDIATE RELEASE, May 1, 2011

Milestone and the owner of one of the Phoenix area’s most recognizable age-restricted housing developers announced that a contract has been signed for Milestone to manage a 48 bed memory care community to be built in Mesa.

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Milestone and the owner of one of the Phoenix area’s most recognizable age-restricted housing developers announced that a contract has been signed for Milestone to manage a 48 bed memory care community to be built in Mesa.  Milestone is assisting the owner with design, development and the financial modeling for the community.  “We started working with this owner group over two years ago, prior to the collapse of the housing market and economy.  In the intervening period, we worked with them to scale down the project and locate it in a more suitable location.  An 80 unit assisted living community is planned as an additional phase of development on the same site,” stated Paul Dendy, President of Milestone.

Once opened in late-2012, this will bring the number of communities managed by Milestone to 17, comprising 1374 resident apartments/beds.  Milestone’s principals have ownership positions in 10 of those 17 communities.

PRINCIPALS OF MILESTONE AND OTHERS LEASE RETIREMENT COMMUNITY

FOR IMMEDIATE RELEASE, March 2, 2011

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Milestone announced that a retirement community in Mesa, Arizona has been acquired by Nationwide Health Properties, Inc. (NYSE:  NHP) and will be leased to and operated by an entity controlled by Milestone’s founders.  The community, Arbor Rose, is comprised of 22 assisted living units (26 beds), an additional 16 assisted living units (20 beds) leased to a local hospice provider, and an award-winning adult day care program with daily capacity of 50 guests.  In connection with the acquisition, NHP is providing financing for the construction of 15 additional assisted living units and a memory care wing that will house 17 residents in 16 units.  “This campus is unique in the Phoenix metro area,” states Don Anderson, Milestone’s Vice President of Marketing and Clinical Affairs.  He added, “contrasted with many of the communities managed by Milestone, Arbor Rose is not a turn-around with occupancy or operating issues.  However, by bringing acquisition and construction financing from a capital source knowledgeable in seniors housing, Milestone is able to generate an increase in cash flow for the owners of the lessee.”

>Milestone is a privately held management company operating 16 seniors housing communities comprised of 1,278 resident units/beds.  Milestone’s principals have ownership and lease positions in 10 of those 16 communities.

MILESTONE RETIREMENT COMMUNITIES HIRES JAMES (JIM) ALTRICHTER, R.N.

FOR IMMEDIATE RELEASE, February 28, 2011

Milestone Retirement Communities is pleased to announce the appointment of Jim Altrichter as Director, Health Services,

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Milestone Retirement Communities is pleased to announce the appointment of Jim Altrichter as Director, Health Services, to oversee the clinical and health services management of its portfolio across the U.S.  Prior to joining Milestone, Jim was a Clinical Specialist with Vascular Access Centers, LP, in Philadelphia, and Senior Product Manager at Glaxosmithkline supporting the marketing and promotion of products for the treatment of COPD.   He has many years experience in the clinical services marketplace and brings progressive experience in marketing, sales leadership and business development. 

Milestone is a privately held management company operating 15 seniors housing communities comprised of 1252 resident units/beds.  Milestone’s principals have ownership positions in 9 of those 15 communities

TWO NEW MANAGEMENT CONTRACTS FOR MILESTONE ARE ANNOUNCED

FOR IMMEDIATE RELEASE, January 1, 2011

Milestone announced two new management contracts effective January 1.

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Milestone announced two new management contracts effective January 1.  One is in Northglenn, Colorado for a 144 unit assisted living and memory care community owned by an institutional investment fund.  It was formerly managed by a larger, national management company  The other, a 64 unit assisted living and memory care community owned by a private investor group, is located in Tucson, Arizona and was managed by the owners.  “I think this shows the versatility of Milestone’s abilities to serve owner/clients.  Though the communities are much different in size and had very different approaches to management before Milestone, each owner group thought that a management company with deep experience that is committed to provide hands-on oversight by the company’s principals would improve the performance of their community.  Milestone has those attributes and the community owners benefit from that,” stated Mark Wiesner, Vice President of Operations for Milestone.  He noted that “the fact that we are owners of retirement communities ourselves creates a strong identity with property owners who know we understand their needs and, like them, may have to provide additional capital when things don’t go as well as planned.”

Milestone is a privately held management company operating 15 seniors housing communities comprised of 1,252 resident units/beds.  Milestone’s principals have ownership positions in 9 of those 15 communities.

MILESTONE RETIREMENT COMMUNITIES ANNOUNCES EXCEPTIONAL LEASE UP OF MANAGED COMMUNITY

FOR IMMEDIATE RELEASE, August 1, 2010

Milestone announced that in the first two months of operations 60 apartments were occupied.

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Having opened the Sea View Senior Living Community on June 1 after a very successful pre-leasing program, Milestone announced that in the first two months of operations 60 apartments were occupied.  “The reception for Sea View in the local community and surrounding areas was outstanding.  It was a team effort to get off to this phenomenal start, but we are not reducing our efforts at all.  While moving in residents to 60 apartments is quite an accomplishment,” Milestone’s Vice President of Marketing and Clinical Affairs, Don Anderson, said, “we have a lot of work to do with 75 more units and beds to fill.  The team is up to the task.”

Milestone is a privately held management company operating 13 seniors housing communities comprised of 1,040 resident units/beds.  Milestone’s principals have ownership positions in 9 of those 13 communities.

PRINCIPALS OF MILESTONE RETIREMENT COMMUNITIES LEAD ACQUISITION OF OWNERSHIP IN RETIREMENT COMMUNITY

FOR IMMEDIATE RELEASE, January 1, 2010

Milestone’s founders, Don Anderson, Paul Dendy and Mark Wiesner, along with the executive director of the community, acquired a 15% interest in a 66 unit independent and assisted living retirement community

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Milestone’s founders, Don Anderson, Paul Dendy and Mark Wiesner, along with the executive director of the community, acquired a 15% interest in a 66 unit independent and assisted living retirement community in Anacortes, Washington already managed by Milestone.  The community is currently undergoing an expansion of 25 independent apartments that will open in mid-2010.  “The owners of Chandler's Square invited these four individuals to become owners in the community in recognition of their role in the success that directly led to the decision to expand the community,” stated Lanney Wixson, Chairman of the Board.  He added that “our long-term relationship with Milestone’s founders pre-dates the formation of Milestone and has always been characterized by high resident and employee satisfaction, good survey results and improving financial performance.”

Milestone is a privately held management company operating 12 seniors housing communities comprised of 880 resident units/beds.  Milestone’s principals have ownership positions in 9 of those 12 communities.

MILESTONE TO MANAGE A RETIREMENT COMMUNITY UNDER CONSTRUCTION

FOR IMMEDIATE RELEASE, December 1, 2009

Milestone and a private investor group signed a management contract for a retirement community under construction in Brookings, Oregon

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Milestone and a private investor group signed a management contract for a retirement community under construction in Brookings, Oregon, it was announced by the company.  When the community opens (projected for June 2010), Sea View Senior Living will offer 45 independent living apartments, 55 assisted living apartments and 35 beds for residents needing memory care.  Before signing the management contract, Milestone assisted the owners by identifying the need for fewer independent apartments and more memory care units, then worked with the owners and architect to re-design the building within the already approved footprint, accommodating the change in unit mix while improving operating efficiency.  “Milestone’s principals have been involved in numerous seniors’ housing development projects in our careers, so this is a value we can bring to owners early in the design process.  In this case, it was a greater challenge since the building was already designed, but the change will benefit the owners for years to come,” stated Paul Dendy, Milestone’s President.

MILESTONE ANNOUNCES THE EXPANSION OF CHANDLER’S SQUARE IN ANACORTES, WASHINGTON.

FOR IMMEDIATE RELEASE, November 10, 2009

Milestone Retirement Communities announces the groundbreaking of a 25 unit independent living addition to Chandler’s Square in Anacortes, Washington.

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Milestone Retirement Communities announces the groundbreaking of a 25 unit independent living addition to Chandler’s Square in Anacortes, Washington.  This expansion should be completed and ready to occupy in July, 2010.  The 25 units are 1-bedroom and 2-bedroom apartments and are being built with many upgrades including washer/dryers, fireplaces and appliance upgrades.  This addition results from the strong performance of Chandler’s Square, which has averaged over 98% occupancy in the past 2+ years and has a wait list of over 40 individuals.  Milestone’s principals began managing Chandler’s Square in 2003 and since then, net operating income has more than doubled while maintaining high census.

RETIREMENT COMMUNITY ACQUIRED BY PRINCIPALS OF MILESTONE RETIREMENT COMMUNITIES

FOR IMMEDIATE RELEASE, September 15, 2009

The founders of Milestone, Don Anderson, Paul Dendy and Mark Wiesner, acquired a 38 unit, 53 bed assisted living community in Fallon, Nevada from a private owner exiting the business.

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The founders of Milestone, Don Anderson, Paul Dendy and Mark Wiesner, acquired a 38 unit, 53 bed assisted living community in Fallon, Nevada from a private owner exiting the business.  The community is the only assisted living provider in the Fallon area and also leases a portion of the building to the Veterans Administration for a day-use health clinic and another portion to a pregnancy and young mother counseling center.  “Seniors needing assisted living services live in small towns and large cities.  We see opportunities to make a difference in the lives of seniors in many different settings.  The former owner had done a nice job of establishing the community within the local area and worked with us to finance the acquisition, so it was a win-win,” said Anderson, “and we are glad to be part of caring for seniors in Fallon.”

Milestone is a privately held management company operating 12 seniors housing communities comprised of 878 resident units/beds.  Milestone’s principals have ownership positions in 8 of those 12 communities.

MILESTONE HIRES PATRICK DOOLEY TO ASSIST OPERATIONS:

FOR IMMEDIATE RELEASE, August 15, 2009

Milestone Retirement Communities has hired Patrick Dooley to serve as a Regional Director of Operations for their expanding needs as new properties have been recently added under their management portfolio.

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Milestone Retirement Communities has hired Patrick Dooley to serve as a Regional Director of Operations for their expanding needs as new properties have been recently added under their management portfolio.  Patrick has 9 years experience in seniors housing, including 3 years as a General Manager for Leisure Care and, more recently, 6 years with Bonaventure Senior Living (formerly Mountain West) as an Administrator, Regional Director of Operations and Corporate Director of Quality Assurance.  Patrick has many years of experience in the hospitality industry and has also served as a Regional Director of Business Development for a company that provided technological support for various businesses.  Patrick will assist in overseeing two turnaround properties initially and will assume the start-up of operations for Sea View Senior Living which will open in June, 2010.

MILESTONE IS SELECTED TO MANAGE 3 RETIREMENT COMMUNITIES

FOR IMMEDIATE RELEASE, May 8, 2009

Milestone has been selected to manage three seniors housing communities owned by a private investor group.

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Milestone has been selected to manage three seniors housing communities owned by a private investor group.  The three communities are located in Englewood (Denver area), Colorado; Oklahoma City; and Roanoke, Virginia.  They comprise 295 units of assisted living and memory care.  Paul Dendy, President of Milestone, stated, “We are pleased to add these managed communities to our portfolio, and appreciate the confidence in Milestone shown by the owners, for whom we have been managing another community in California since late 2008.”  It took a total team effort to take on these three communities on the same day in three different time zones, and the initial transition went smoothly.  “Each community has different challenges, but all share a significant need for effective leadership, plant maintenance, marketing, efficient resource usage and customer service,” noted Mark Wiesner, Milestone’s Vice President of Operations.  He continued by addressing the commitment required to turn around these communities. “Milestone agreed to manage these communities, two of which are outside our original business plan’s geography, to provide a needed service to a good client.  The turnaround will require a full-time presence by a Milestone regional director of operations in each community for several months, so that is what we have planned to do.”

Milestone is a privately held management company operating 11 seniors housing communities comprised of 825 resident units/beds.  Milestone’s principals have ownership positions in 7 of those 11 communities.

FOUNDERS OF MILESTONE RETIREMENT COMMUNITIES ACQUIRE OWNERSHIP IN A RETIREMENT COMMUNITY

FOR IMMEDIATE RELEASE, May 1, 2009

Milestone’s founders, Don Anderson, Paul Dendy and Mark Wiesner, have acquired approximately a 15% interest in the general and limited partner interests of entities owning and operating a retirement community

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Milestone’s founders, Don Anderson, Paul Dendy and Mark Wiesner, have acquired approximately a 15% interest in the general and limited partner interests of entities owning and operating a retirement community in California managed by Milestone since late 2008.  “Acquisitions such as this are part of our business plan.  Purchasing this ownership position completely aligns us with the rest of the owners and enhances a long-term relationship.  Closing this transaction six months after the inception of our management contract gave both us and the owner group time to get comfortable with each other and the financial potential of the community,” stated Paul Dendy, Milestone’s President.  He also stated, “we expect to do more transactions of this type.”

MILESTONE IS SELECTED TO MANAGE RETIREMENT COMMUNITY IN CALIFORNIA

FOR IMMEDIATE RELEASE, November 1, 2008

Milestone responded quickly to an owner seeking a new management company to turn around a 66 unit assisted living and memory care retirement community in Susanville, California,

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Milestone responded quickly to an owner seeking a new management company to turn around a 66 unit assisted living and memory care retirement community in Susanville, California, and was selected over another management company to begin management within 6 weeks of the initial inquiry.  The rapid commencement of the management contract was noteworthy as it required state licensing approval that was obtained much more quickly than normal.  “This community needed a quick change in management due to financial and other issues of the prior management company.  State licensing personnel were very helpful in making the change occur quickly in the circumstances.  The fact that our principals have prior management experience in the state and that we brought in the best professionals in the field to assist in the licensing transition, were also critical to the fast approval,” stated Mark Wiesner, Milestone’s Vice President of Operations.
Milestone is a privately held management company operating 8 seniors housing communities comprised of 530 resident units/beds.  Milestone’s principals have ownership positions in 6 of those 8 communities.

RETIREMENT COMMUNITY ACQUIRED BY INVESTMENT FUND AND PRINCIPALS OF MILESTONE RETIREMENT COMMUNITIES

FOR IMMEDIATE RELEASE, June 17, 2008

Courtyard Towers, a 175 unit retirement community in Mesa, Arizona, has been acquired by a joint venture of Harrison Street Real Estate and the principals...

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Courtyard Towers, a 175 unit retirement community in Mesa, Arizona, has been acquired by a joint venture of Harrison Street Real Estate and the principals of Milestone.  Financing was provided by a first mortgage from Fannie Mae coordinated by Milestone.  The community is a 13 story building in downtown Mesa, providing access to local cultural venues and shopping.  Many apartments have spectacular city light and mountain views.  Courtyard Towers is fully licensed for assisted living and has 30 units dedicated to memory care services.  Both independent and assisted residents are accommodated in the remaining apartments.  According to Paul Dendy, Milestone’s President, “This acquisition is the first transaction through the joint venture with Harrison Street.  We expect to complete many other transactions by seeking value creation opportunities similar to this one.  Courtyard Towers has a great position in the local community and we are confident in our ability to increase occupancy and improve the operating margin through our hands-on management.”

Milestone is a privately held management company operating 7 seniors housing communities comprised of 464 resident units/beds.  Milestone’s principals have ownership positions in 6 of those 7 communities.

EXECUTIVES WITH EXTENSIVE SENIOR HOUSING EXPERIENCE FORM NEW VANCOUVER, WASHINGTON BASED SENIOR HOUSING MANAGEMENT COMPANY, MILESTONE RETIREMENT COMMUNITIES, LLC.

FOR IMMEDIATE RELEASE, April 1, 2008

Paul Dendy, Mark Wiesner and Don Anderson are pleased to announce the formation of Milestone Retirement Communities, LLC. The company specializes in day-to-day management of senior housing and retirement communities in the Western United States.

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Paul Dendy, Mark Wiesner and Don Anderson are pleased to announce the formation of Milestone Retirement Communities, LLC.  The company specializes in day-to-day management of senior housing and retirement communities in the Western United States.  The company’s office is located at 201 NE Park Plaza Drive, Suite 105, Vancouver, Washington.

The founders collectively have over 70 years experience in seniors housing and related industries.  Paul Dendy has 20 years experience in financial and fiduciary roles with several large seniors housing management companies and most recently was President of LifeStyles Senior Housing Managers, LLC.  Mark Wiesner has over 20 years experience in seniors housing and served as Vice President of Operations with Alterra Senior Living and most recently, Vice President of Operations for LifeStyles Senior Housing Managers, LLC.  Don Anderson has collectively 32 years experience in the acute care medical industry and seniors housing and most recently was Vice President of Clinical and Marketing Services for LifeStyles Senior Housing Managers, LLC.

“We have a tremendous resource in our operational experience and practical knowledge which is beneficial for our clients and the communities that we manage,” states Don Anderson.  “We feel our focus on personal involvement, oversight and support of the communities we manage is a unique advantage.  Our goal is to provide a level of service and delivery that is tailored to each of the communities we serve,” explains Anderson.  “Developing a personalized relationship with each community we manage allows us to make decisions based on the needs expressed by residents and family members, as well as the specific opportunities that exist in those cities.  We pride ourselves on avoiding a cookie cutter approach.  Our desire is to create exceptional environments that meet the emotional, physical, social and spiritual needs of our primary customers:  our residents and their families” states Mark Wiesner.

Milestone Retirement Communities, LLC, currently operates in Washington, Oregon and Idaho, providing an a la carte menu of services for investors, developers and current owners in the senior housing industry.  “What we provide is a vast array of services to meet the needs of project sponsors, whether those needs are analysis of new projects, assistance in the development and lease-up of new properties, in securing short and long-term financing, locating and completing acquisitions or entering into short or long term management contracts” states Paul Dendy.  “Our success is dependent on our ability to meet and exceed our customers’ needs, long-term goals and objectives.  We tailor our services based on each of our customers’ needs whether it is dealing with large CCRC’s or small rural communities,” he added.

Milestone Retirement Communities, LLC is privately owned and operated.  For more information contact Don Anderson at (360) 882-4500.