Stellar Senior Living entered into a new management agreement with Diversified Healthcare Trust (DHC) for nine skilled nursing communities and one continuing care retirement community. The agreement covers 1,152 units in Colorado, Texas, and Wyoming within DHC’s Senior Housing Operating Portfolio (SHOP).
Stellar Senior Living is looking forward to transitioning management from Five Star Senior Living and continuing to lead with their guiding values of Service, Inspiration, Integrity, and Joy. Residents of the DHC communities, along with their families, can expect to see continuation of the same great level of care they have been receiving, as well as implementation of some of Stellar’s signature programs such as all-day dining. Transition commenced with 5 communities on August 1, 2021, and will be complete with the transition of the final 5 communities on September 1, 2021.
Stellar Senior Living is a Utah-based senior living provider with 26 locations throughout the Western United States. Since Stellar Senior Living is family owned, they care deeply about the needs and support of their residents. “Our supreme goal is to do and be the best in all we undertake, and to provide a Stellar life for our residents, their families, and our employees,” says Evrett Benton, Stellar Senior Living founder and CEO. Evrett Benton was previously a founding member of Five Star Senior Living before leaving in 2011 to start Stellar with his son, Adam Benton, and his son-in-law, Ray Henderson. Learn more about Stellar at www.stellarliving.com.
DHC is a real estate investment trust (REIT) focused on owning high-quality health care properties located throughout the United States. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientific research disciplines, and by property type and location. As of March 31, 2021, DHC’s $8.2 billion portfolio included 396 properties in 36 states and Washington, D.C., occupied by more than 600 tenants, and totaling approximately 11.2 million square feet of life science and medical office properties and more than 29,000 senior living units. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA.