Spectrum Retirement Among the Nation's Largest Senior Housing Ow - Erie News Now | WICU & WSEE in Erie, PA

Spectrum Retirement Among the Nation's Largest Senior Housing Owner/Operators

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Denver-based company continues to deliver senior living options throughout the U.S.

DENVER, CO, September 27, 2017 /24-7PressRelease/ -- For the fourth consecutive year, Spectrum Retirement is ranked among the largest owners and operators of senior housing communities in the United States. The rankings, released this month, are catalogued by the American Seniors Housing Association (ASHA) and reported in its ASHA 50 report, produced by Seniors Housing Business magazine.

Based in Denver, Spectrum Retirement develops, builds and manages senior living communities. Among the top community owners, Spectrum ranks No. 44; it owns 33 communities in 12 states, with a total of 4,184 apartments. The company operates an additional four properties, for a total 37 communities with more than 4,500 total apartments under management, placing it at No. 36 among the top 50 operators.

This year, Spectrum opened four new communities with approximately 800 apartment units. It has an additional 16 properties under construction.

"We are honored to be among this esteemed group of large and well-respected senior living operators," said Spectrum Retirement President Brad Kraus. "We strive to grow our business by building in communities where demand is high, while also continuing to offer seniors and their families affordable luxury and the peace of mind that comes from living in a safe and well-cared-for community."

ASHA 50 rankings are compiled from company holdings as of June 1, data from public filings and other sources. Rankings are based on total seniors housing units, which include independent living units, assisted living beds, memory care units and skilled nursing beds. They include both rent-based and entry-fee-based units designed and operated exclusively for seniors. Based in Washington, D.C., ASHA is a research and advocacy organization for the seniors housing industry.

To view the full ASHA 50 results, produced by Seniors Housing Business, click here to view the digital edition.

About Spectrum Retirement Communities
Denver-based Spectrum Retirement Communities, LLC, is considered a leader and innovator in senior living. Ranked in the top five senior living companies for excellence by its peers and among the top 10 by residents and their families, the privately held company operates 3 7 senior living communities in 12 states from New York to Oregon. Spectrum currently employs a staff of more than 2,600 and oversees more than 4,500 apartments. Celebrating its second decade of operations, the rapidly growing company has 16 communities under construction and will manage a total of 6,000 senior apartment homes upon completion. For more information, visit www.spectrumretirement.com.

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