Thrive Senior Living Changes Leadership, Former President Strech Joins Real Estate Firm

Prosper Senior Dwelling President Les Strech has still left for a new undertaking, and Sebby Kannukkaden is stepping in to lead the business as president and CFO.

Strech, who joined Thrive in 2017, has departed the Atlanta-centered senior living operator for McNair Pursuits, wherever his title is COO and controlling principal. He introduced his new profession transfer on LinkedIn.

“We’ve set with each other a important fund to associate with LPs and financial institutions to establish communities that any one, of any age, and any skill would be proud to dwell in,” Strech wrote of his new work on LinkedIn. “The gut-wrenching part … was the alternative to move on from the staff we’ve built at Thrive around the last fifty percent ten years.”

Stepping in to fill the hole is Kannukkaden, who joined Prosper in 2017 and most lately labored as the company’s CFO. He also worked as COO of Prosper Senior Residing in between 2017 and early 2020.

With Kannukkaden in position, Prosper has “huge management horsepower,” Strech reported.

“I am wholly specified that the greatest days for the Prosper crew are forward,” he additional.

Kannukkaden’s “passion, sharp insight and unwavering commitment to the organization about the earlier 5 years” make him a very good in good shape for the position, according to Thrive Founder Jeramy Ragsdale.

“Thrive’s determination to an individualized, fewer medical solution to senior dwelling continues to be at the coronary heart of the organization, and we have no question Sebby will proceed to deliver this mission to life as he moves the firm to potential advancement and development,” he explained to Senior Housing News.

As of previous September, the company experienced 9 function-developed communities in 5 states.

Strech — a Senior Housing News Changemaker in 2021 — pushed for innovation though at Thrive, wherever he challenged prolonged-held beliefs about the way senior dwelling communities are built and operated.

Strech’s considering on senior living layout is exemplified by the company’s forthcoming Prosper at Montvale local community in Montvale, New Jersey, which involves a central out of doors “social court” meant to be a area exactly where residents can mingle.

“We constructed our ahead-going through style concept around the issues modern society currently builds group all around,” Strech advised SHN in 2021. “One of these items is espresso and yet another a single of all those things is good recollections about a barbershop or a salon. A further one of these points would be local community playgrounds.”Strech is not the only company leader who is producing huge job modifications in early 2022. Other folks incorporate Pathway to Residing CEO and co-founder Jerry Finis and COO Maria Oliva, who are retiring immediately after prolonged stints with the Chicago-based operator.