RADNOR, PA — Livingston Street Capital announced the expansion of its leadership team to coincide with the firm’s actively growing focus on 55+ Active Adult and Independent Living assets nationally.
The firm, which currently owns nearly 1,000 55+ Active Adult and Independent Living units in addition to its core and core-plus industrial and office holdings, has appointed Brian Krill as chief financial officer and senior housing industry veteran Shawn Rose as managing director of asset management.
“As we strategically expand our holdings in the 55+ Active Adult and Independent Living subsectors, we’ve committed to growing our acquisitions and asset management platforms in order to widen and optimize our capabilities,” said Livingston founder and Co-CEO Peter Scola. “Through appointing a core team of expert professionals who know the ins-and-outs of what it takes to own and operate large-scale real estate portfolios, we are positioning ourselves to continue to grow and thrive.”
Livingston strategically identified growing demand from the large Baby Boomer generation, which totaled 71.6 million in 2019, for active, autonomous lifestyles. The firm has focused on growing its portfolio to leverage this demand.
“In response to the needs and desires of today’s 55+ demographic, our focus at Livingston is to invest in assets that do not provide care, but offer active lifestyles with an emphasis on wellness and community,” said Scola. “The appointments of Brian and Shawn represent our dedication to not only growing our footprint in this space, but best serving our investors, management partners, and residents across our portfolio.”
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