Erickson Living

Erickson Living is an American  manager and developer of retirement communities. The company has been headquartered in Catonsville, Maryland since 2010.[1] The company primarily develops and operates campus-style retirement communities for adults age 62 or older. Erickson Living currently employs nearly 14,000 individuals who serve more than 24,000 residents across the nation.[2]

In 2015, Erickson Living was ranked as one of the top 10 senior living providers in the Assisted Living Federation of America’s (ALFA) annual ranking of senior living providers by resident capacity. In that same listing, Erickson Living ranked in the top five of independent living providers.[3] In 2017, the American Seniors Housing Association (ASHA) ranked Erickson Living in the ASHA 50, a listing of the largest owners and operators of senior housing communities in the United States.[4]

Company history

Charlestown Community, the premier community in the current Erickson Living network, was built on the grounds of the abandoned St. Charles seminary in Catonsville, Maryland in 1983.[5]

In 2009 after the previous owner and namesake John C Erickson ran the company into the ground as a result of lavish personal spending and aggressive expansion efforts in a real estate market that subsequently cooled, the former management company,  Erickson Retirement Communities filed for Chapter 11 bankruptcy protection, liquidated its assets and dissolved. Many employees stayed on to help close the former entity with a promise they would ultimately be paid only to have the bankruptcy court deny payment.

The majority of that company's assets were purchased by Redwood Capital Investments LLC for $365 million, and a new Erickson Living company was created as a subsidiary of Redwood Capital Investments LLC.[6]

Communities

Erickson Living network manages 19 communities[7] in eleven states with an additional community coming to Naples, FL.[8]


Philanthropy and Charity

In July, 2017, Erickson Living communities donated more than $2.3 million to Student Scholarship Fund campaigns which gave scholarships to high school students who worked in the dining services department of an Erickson Living community.[9]

References

  1. ↑ Reutter, Mike. "Jim Davis group identified as seeking to buy Sparrows Point | Baltimore Brew". Baltimore Brew.
  2. ↑ Bowers, Lois A (5 September 2017). 2018-02-02 "Senior living companies launch Harvey relief efforts as Irma looms -" Check |url= value (help). McKnight's Senior Living.
  3. ↑ Study, Emily (26 March 2015). "The Top-10 Largest Senior Living Providers in 2015 - Senior Housing News". Senior Housing News. Retrieved 2018-01-11.
  4. ↑ "ASHA, Seniors Housing Business Release 2017 List of Largest Owners, Operators". Seniors Housing Business. Retrieved 2018-01-11.
  5. ↑ "Bio John Erickson". govinfo.library.unt.edu. Retrieved 2010-12-22.
  6. ↑ Alyssa, Gerace (8 April 2012). "On the Record: Adam Kane, SVP of Corporate Affairs at Erickson Living - Senior Housing News". Senior Housing News. Retrieved 2017-09-06.
  7. ↑ Shoemaker Debree, Crissa. ".S. News & World Report". US News. Retrieved 2018-01-19.
  8. ↑ Aten, Tim (3 September 2017). "In the Know: Retirement community still planned for Orange Blossom Drive". Naples News. Retrieved 2017-09-03.
  9. ↑ "Serving up scholarships -". McKnight's Senior Living. 19 July 2017. Retrieved 2018-01-11.
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