Origins
The origins of Brookdale started in the late 1970s with the focus of large upscale urban retirement communities located in large cities such as Chicago, New York, and Miami. These early models replicated five star hotels like the Hyatt, Marriott's, and Hilton of the modern era. As the industry evolved into the late 1990s and early 2000s, Brookdale's major shareholder became Fortress Investments with approximately 51% of the holdings. Throughout the late 1990s and early to mid-2000s, Brookdale developed several more communities that resembled earlier models but also reflected the ever changing climate including Continuous Care Retirement Communities (CCRC), which house all brands of the aging process including skilled nursing, assisted living, independent living, and memory care facilities.
Read more about this topic: Brookdale Senior Living
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