August 30, 2016 10:36 PM ET

Commercial Services and Supplies

Company Overview of New Perspective Senior Living

Company Overview

New Perspective Senior Living is a developer, owner, and operator of senior living communities in the Midwest. It offers independent and assisted living, memory care, and short term stay services. The company’s guided program of activities includes exercise, outings, reminiscing, music, bingo, arts and crafts, dancing, and entertainment events. It has locations in Mahtomedi, Waconia, Columbia Heights, Barnum, and Cloquet, Minnesota; Brookfield, Brown Deer, and Mequon, Wisconsin; Pella, Iowa; and Silvis, Illinois. New Perspective Senior Living was founded in 1998 and is based in Edina, Minnesota.

4920 Lincoln Drive

Edina, MN 55436

United States

Founded in 1998



Key Executives for New Perspective Senior Living

Founder and Chief Executive Officer
President and Chief Financial Officer
Chief Compliance Officer and Senior Vice President of Quality Services
Senior Vice President of Business Performance
Compensation as of Fiscal Year 2016.

New Perspective Senior Living Key Developments

New Perspective Senior Living Receives Approval to Build a Four-Story Assisted Living Center

New Perspective Senior Living received approval Sept. 15, to build a four-story assisted living center on 60th Street, north of Brown Deer Road. The 119-unit, 133-bed facility, called Lighthouse of Brown Deer, will feature about 46 memory care units and 87 assisted living units. New Perspective would relocate from its 28-bed Lighthouse facility at 7909 N. 47th St. to the Beaver Creek condominium site left uncompleted by developer General Capital in 2008. By relocating Lighthouse, village officials hope single-family housing will be developed near Bradley Road and 47th Street, including the current Lighthouse site, the former Algonquin School site and potentially the deteriorating strip mall containing Salvation Army at 4747 W. Bradley Road. The Village Board also agreed to purchase of the existing Lighthouse building on 47th Street for $1.35 million with a closing date at the end of November. Lighthouse has agreed to lease the 47th Street property from the village for $4,500 per month until its new site at Beaver Creek is complete. New Perspective will receive $2 million in tax incremental financing from Brown Deer. The developer has guaranteed the building would be valued at $14.8 million, creating an additional $12.5 million in value. The increased tax revenue from the project is expected to pay off the village's $2 million loan by 2024.

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