From Senior Housing News by Tim Regan
With the creation of a new affordable housing arm and a handful of other notable developments in 2022, it has been a big year for Transforming Age. But the senior living nonprofit is not done evolving.
Earlier this month, the organization added 10 new locations formerly managed by Essex Corp. and announced it’s opening a new second headquarters in Omaha, Nebraska.
The nonprofit in the process hired four senior living leaders from Essex: President and COO Frankie Pane, CFO and Partner Julie Bennett, Vice President and Chief Development Officer Camille Burke and Legal Counsel Scott Braasch.
The move was not only meant to help support Transforming Age’s growth beyond its nearly 70-community affordable housing and senior living portfolio, it also fits in with a desire to “do things a little differently” than the rest of the industry as it diversifies its services and looks to the future, according to CEO Torsten Hirche.
“It’s maybe not the most usual thing for a nonprofit to do, but we’re super excited about the capabilities they bring to us to supercharge growth,” Hirche said.
New HQ, new capabilities
The new second headquarters in Omaha will have a primary goal of serving Transforming Age’s five main “spheres”: housing, services, technology, partnerships, and philanthropy.
One immediate benefit is that the organization will gain a stronger presence and more oversight in the U.S. Midwest. The headquarters also will give the organization more ability to take on new management contracts and development projects.