Woodmont taps industry vet to launch new senior housing division

Veteran senior housing industry executive Stephen Nichols has been tapped by Woodmont Properties to lead its new senior housing division, it announced Thursday.

Woodmont, a residential and commercial real estate developer based in Fairfield, said Nichols will be responsible for overseeing the development and operations of its senior communities.

The company also said he will target walkable and transit-oriented markets to establish properties that are focused on independent living, assisted living, memory care and being an active adult.

“As we continue to evolve and grow our portfolio, we believe there is great opportunity to meet the immense demand for high-quality senior housing options across New Jersey, New York and Pennsylvania,” Woodmont CEO Eric Witmondt said. “We’re excited to take the experience we’ve gained through the creation of luxury apartment communities in some of the region’s best transit towns and downtown neighborhoods, and applying it to the development of world-class senior housing communities.”

Prior to joining Woodmont, Nichols was the executive director at Brightview Senior Living. Before that, he was regional vice president with Atria Senior Living

“Woodmont has the experience and resources to build several types of senior housing products, and I’m thrilled to be given the opportunity to lead this exciting effort,” said Nichols. “We are already targeting multiple towns that could benefit from senior housing development, and I’ll be focused on executing on Woodmont’s vision for the senior housing sector with the same level of quality that has become the Woodmont standard.”