Last updated on October 15th, 2020 at 04:39 pm
Industry: Health Care & Real Estate & Construction
Projected 2019 revenue: $70 million
Heritage Senior Living LLC provides care for independent, assisted, and memory care senior housing. Every year Heritage constructs over $30 million in purpose-built housing. The company’s growth is measured in added employees and gross revenue, properties built or bought and additional housing units. Factors that have contributed to Heritage’s growth include a new senior housing apartment building, continued lease of two senior housing campuses, and the acquisition of an 80,000- square-foot office building in Minnesota.
Heritage plans on continuing to build new housing, including almost 300 units in 2019 and 2020 and a new senior housing campus in Appleton. These future plans create a need to hire more staff, a current challenge for Heritage.
In the future, Heritage plans on providing third-party property management services because of its experience building and managing for its own account. It also plans on continuing to build housing and care campuses.
What’s the best advice you’ve ever received?
“My uncle was living in Antigo, Wisconsin while I was in the Twin Cities. He said I should come to Antigo and build apartments. I thought I would humor him and drive the 4-1/2 hours to at least have a good time. I assembled my legal and accounting team and built my first building in 1990, and the rest is history.”
– Milo Pinkerton, chief executive officer