If you’ve seen old folks’ homes with a certain Cheesecake Factory aesthetic popping up around Washington, you know Aegis Living. A private pay assisted living chain that does not accept Medicare.
Aegis owns $2.5 billion in property across Washington, California, and Nevada, including 23 “luxury” senior living centers in the Seattle area. Aegis’ CEO claims that the company brings in nearly $250 million in annual operating revenues from resident costs that can climb into the tens of thousands of dollars per month. Living at Aegis appears to be worth it, though: in March, their Greenwood facility was named the number one senior living facility in the country.
With Medicaid cuts threatening to shut down many of our elder care facilities in the Pacific Northwest, there’s never been a better time to get to know our local retirement home landlord.