I learned early in my career how little I know. Though we have built more senior living than anyone I know and have been exposed to very successful senior living developers and operators, they all operate differently. Someone recently said to me, “An expert is someone who knows more and more about less and less until eventually, he knows everything about nothing.” But I don’t think that is the case in my situation. It’s just that there are a lot of ways to be successful if you know what your Hedgehog Concept is, as Jim Collins would say.
Mid-market became a newer thing a couple of years ago. They often say what is old is new, and this might be one of those situations. We, in conjunction with a number of clients, are working on several mid-market concepts. They hearken back to the eighties when this industry was starting, and people’s expectations were simpler and less expensive. And as in the past, every one of our clients has a different concept that they believe in, and most of them seem to work. It’s my hope that with all of our experience we can be a resource for operators and developers to assist them in their success in these endeavors, as we seem to be, bringing ideas that work for them.
Peter Douglas, President
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