“If you don’t like change, you’re going to like irrelevance even less.”
- General Eric Shinseki, Chief of Staff, U.S. Army
At Spectrum Consultants, Inc., we appreciate the opportunity we have to work with dozens of not-for- profit retirement communities every year throughout the United States. The biggest challenge facing not-for-profit retirement communities today is sustaining marketability while maintaining financial health.
Retirement communities must be continuously upgraded to maintain fresh living residences and amenity spaces. More and more, senior living executives must practice financial discipline, understand the purpose of the entrance fee and recognize that strategic investment can come in forms other than capital building.
As an industry leader, we know you will be interested in this article by Karen Montgomery and Christoper Keysor.
Karen Montgomery - Executive Vice President, Spectrum Consultants, Inc.
Christopher Keysor - Vice President of Finance and Chief Financial Officer, Lenbrook, Atlanta, GA