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Senior Lifestyle Corporation Names John Cobb as President and CEO

CHICAGO, March 3 /PRNewswire/ -- Demonstrating its commitment to growth and innovation, Senior Lifestyle Corporation, a leading developer, manager and owner of seniors housing communities nationwide, has appointed John Cobb to president and chief executive officer. His position includes the day-to-day management and strategic direction of the company and its portfolio of more than 70 properties.

Former CEO William B. Kaplan -- who founded the company more than 20 years ago -- will continue as chairman and will work with Cobb to focus on growth initiatives and strategic planning.

"John is highly respected in the seniors housing industry, and I am confident that he has the vision, energy and leadership skills necessary to continue to build our company through strategic acquisitions and new development," said Kaplan. "John's depth of financial and management experience as well as his impeccable reputation and values will complement our existing senior management team."

"Throughout my career I have admired Senior Lifestyle's position as a leader and pioneer in the seniors housing industry, and I am thrilled to have the chance to build on the company's success and to create opportunities for expansion," said Cobb.

Prior to joining Senior Lifestyle, Cobb spent 10 years at GE Healthcare Financial Services in positions of increasing responsibility. During his recent tenure as senior managing director of the Real Estate Finance division, the company's portfolio grew from $1.5 billion to more than $9 billion. Cobb oversaw the division's five sales teams: medical properties, skilled nursing, real estate brokers, real estate equity and seniors housing. Prior to this role, Cobb was managing director of long-term care, responsible for all real estate-related lending for the long-term care sector.

Cobb, 36, holds a bachelor's degree in finance from Lehigh University. A resident of Chicago's Lakeview neighborhood, Cobb is an active board member of the National Investment Center and the American Seniors Housing Association.

About Senior Lifestyle Corporation

Chicago-based Senior Lifestyle Corporation, founded in 1985, is a leader in the development, operation and ownership of seniors housing and the implementation of innovative programs that help seniors enjoy healthier, more fulfilling lives. With a portfolio of more than 70 communities, Senior Lifestyle offers independent living for every economic level, from luxury to mid-market to affordable. Daily services and activities are tailored to the needs and preferences of each community's residents. For residents who require additional care, many communities also offer assisted living and skilled nursing care. Long recognized among the industry's top companies by the American Seniors Housing Association, Senior Lifestyle was included as the 13th largest owner of seniors communities on National Real Estate Investor's list of the top 50 companies in 2007. Additional information is at

SOURCE Senior Lifestyle Corporation
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