Distinctive Living is experiencing rapid growth with up to 16 communities currently in different stages of development, as the company sees new growth opportunities on the horizon. CEO Joe Jedlowski shared with Senior Housing News that the Freehold, New Jersey-based operator is actively seeking new capital partners while also nurturing existing relationships with ownership groups. The company is considering the launch of a capital fund to unlock future growth possibilities, including acquisitions and new developments.
Distinctive Living currently operates over 45 communities, with a recent acquisition of Validus Senior Living to enhance corporate support efforts. Jedlowski emphasized the importance of transitioning from acquisition to stabilization, focusing on refining the existing portfolio. With plans to break ground on several properties this year and multiple sites under development, Jedlowski is optimistic about operators regaining pre-pandemic margins and increasing occupancy by 2024.
During a recent episode of the SHN Transform podcast, Jedlowski provided insights on the acquisition of Validus Senior Living, highlighting the strategic approach taken to integrate the two companies. He emphasized the importance of maintaining a local feel while standardizing operations and systems across all communities. The integration process involved improving customer experience, digital marketing strategies, employee engagement, and resident satisfaction.
Looking ahead, Distinctive Living is exploring future acquisition opportunities with a focus on partnering with large institutional investment groups. The company aims to expand strategically, considering geographic alignment and resource capabilities. While open to growth opportunities, Distinctive Living remains selective, prioritizing success and the well-being of its current communities. The company’s unique approach to portfolio development includes innovative cottage models and a diverse range of community types targeting different markets.
With a strong focus on operational excellence and strategic growth, Distinctive Living is poised for continued success in the senior living industry. Visit the Transform podcast via Apple Podcasts, SoundCloud, or Google Play to stay updated on the company’s journey.
