Summary
Overview
Work History
Education
Skills
Timeline
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Lorne I. Schechter

Mountain Lakes

Summary

Senior Level Owner/Manager with over Twenty-Five years’ experience Vast knowledge of Assisted Living, Alzheimer/Dementia Care, and Independent Living Experienced in developing new properties as well as acquiring and restructuring distressed Communities Proven success in increasing census, controlling expenses, and growing net operating margins Road Warrior Licensed Real Estate Broker in the State of New York and New Jersey NJ CALA Certified Dementia Practitioner

Overview

24
24
years of professional experience

Work History

CEO, Member

Aureum Senior Living
01.2024 - Current

ceo

Premier alp
01.2021 - Current

CEO, Member

Noble Senior Services
01.2019 - 01.2022
  • Responsible for all day-to-day operations of 20 Assisted Living/Memory Care communities throughout Maryland, Indiana, Wisconsin, Virginia, Florida, and New Jersey
  • Asset manager for Care Trust REIT

CEO

Spring Oak Senior Living
01.2015 - 01.2019
  • Responsible for all day-to-day operations including budget preparation and implementation; Review of all bi-monthly and monthly reports pertaining to labor hours, spend downs, A/P, A/R, and rent rolls
  • Managed over 500 employees and over 1,200 Beds
  • Increased company NOI by 450% within a three-year time period
  • Implemented Q&A programs, Employee Handbooks, Resident Handbooks, and P&P’s companywide
  • Implemented an Assisted Living Program (ALP) to service multi-family apartment buildings
  • Created business model for future growth
  • Maximized revenues with value add on Memory Care Units
  • Stabilized census and PRD’s throughout the company
  • Grew the property portfolio of Spring Oak Senior Living from five assets to eleven assets
  • Increased overall value of the company portfolio by over $50 million

Chief Operating Officer, Principal

Grand Lux Senior Living
01.2010 - 01.2014
  • Manager for Oyster Creek Manor, Missouri City, TX (77 Units)
  • Worked with NY based multi-family owner/developer on various housing projects

President of Operations

Kaplan Development Group, LLC
09.2000 - 01.2009
  • Reported directly to CEO on all operational matters
  • Worked directly with CEO and CFO to develop all business plans for each property
  • Responsible for the day-to-day operations of over 1,500 beds and 1,500 employees
  • Responsible for all operational aspects (at all 19 senior living communities located within ten states) including human resources, marketing and sales, quality assurance, customer service, training, financial oversight, physical plant, department programming, and recruitment and hiring
  • Assisted in all aspects of the acquisitions of fourteen communities and the development and opening of five additional communities
  • Developed and implemented business plans to turnaround financial, service, and census struggling communities to become stabilized
  • Assisted in successfully refinancing eight distressed communities, inclusive of Fannie Mae refinancing
  • Grew Company annual revenues from $1.2 million to over $100 million
  • Grew the property portfolio of Kaplan Development Group, LLC from one independent living community to 19 senior living communities
  • Worked with Harrison Street Realty as an asset manager for an acquisition of 7 KDG communities and additional master planned growth
  • Increased overall value of the company portfolio from $2.5 million to over $200 million

Education

B.S. -

University of Wisconsin at Madison
Madison, WI

State University of New York at Old Westbury
Old Westbury, NY

University of Phoenix
Tempe, AZ

Ritz Carlton Leadership Program
Chevy Chase, MD

Skills

  • Proficient with Microsoft Excel
  • Proficient with Microsoft Word
  • Proficient with Microsoft Publisher
  • Master User- Point Click Care
  • NJ CALA
  • Advanced knowledge of Quick Books
  • Advanced knowledge of Yardi
  • Advanced knowledge of Rent manager accounting software
  • Advanced knowledge of numerous CRM programs
  • Proven Bona fide leader
  • Great communicator
  • Great motivator
  • Certified Dementia Practitioner

Timeline

CEO, Member

Aureum Senior Living
01.2024 - Current

ceo

Premier alp
01.2021 - Current

CEO, Member

Noble Senior Services
01.2019 - 01.2022

CEO

Spring Oak Senior Living
01.2015 - 01.2019

Chief Operating Officer, Principal

Grand Lux Senior Living
01.2010 - 01.2014

President of Operations

Kaplan Development Group, LLC
09.2000 - 01.2009

State University of New York at Old Westbury

University of Phoenix

Ritz Carlton Leadership Program

B.S. -

University of Wisconsin at Madison

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Lorne I. Schechter