Formed in 2012 by principals Thilo Best and Greg Iglehart
– who have excelled in the senior housing and multifamily
industries respectively for their entire careers
– Bayshore Retirement Living exudes a refreshing change
of pace in a largely lackluster senior living industry.
“Thilo is a CEO who used to operate 100 communities and now owns three. He’s able to read between the lines and ask hard questions. Greg has extensive experience as a multifamily developer and is extremely detail oriented when it comes to the building design and operations. They are both very involved and understand exactly how these communities should be run.”
– Manager, Horizon Bay at Hyde Park
Innovative Design Inside and Out
The Bayshore community product type is truly unmatched. Most senior living communities are uninspired real estate developments with often cookie-cutter styles in sprawling settings. But Bayshore is turning the industry’s stereotypical institutional design on its head by creating assisted living, independent living and memory care communities designed to emulate high-end residential or hospitality environments, not a healthcare or nursing home setting.
The Bayshore development team proudly delivers its “next generation” of senior housing communities by implementing best practices in design, space utilization and building functionality from the senior housing and multifamily industries. These communities are individually designed to complement the unique character of the surrounding location and filled with personalized details.
Bayshore develops and owns its properties while staying actively involved in all aspects of operations, providing asset management services to the partnerships. To operate its communities, Bayshore works with a small group of third party management companies that have been personally selected by Thilo from among the best in the senior housing industry. The management companies must follow Bayshore’s “Guiding Principles” to continually demonstrate their ability to meet specific criteria for professionalism and provide quality care to Bayshore’s residents.
The locations of Bayshore’s communities match the desirability of the communities themselves. Bayshore has targeted real estate markets throughout the Southeast that have attractive age and income demographics along with a high barrier of entry for competitors.
Enhanced by Extensive
Industry Experience
The Bayshore Retirement Living ownership team has vast experience developing AND operating communities. As the former CEO of Horizon Bay Retirement Living, the former national operator of 100+ senior communities, Thilo Best brings a deep understanding of efficient daily operations and a genuine resident-focused philosophy from that Horizon Bay culture. Greg Iglehart brings extensive multifamily development experience with an impressive personal attention to detail at each step of development and design.
Leveraging this expertise, these owners are uniquely hands-on in the management of their community assets, delving into the financials and paying keen attention to all aspects of staffing and operations. They know the right questions to ask – unlike most investors – which ultimately helps lead to strong community performance and impressive returns. Bottom line, they know how to balance providing maximum care while achieving strong business results.
Bayshore invests significant capital with its institutional real estate investors, which typically have significant knowledge and experience in the senior housing sector.
Learn more about the partners of Bayshore Retirement Living:
Thilo Best
Greg Iglehart
Scott Doster
Company Milestones
2010
Horizon Bay at Hyde Park opens and achieves 99% occupancy within 24 This 136-unit independent living and assisted living community is located in Tampa, Florida.
2012
Horizon Bay Memory Care by the Bay opens and achieves 95% occupancy within 17 This 80-bed Alzheimer’s care community is located in Tampa, Florida.
2012
After successfully developing Horizon Bay at Hyde Park and Horizon Bay Memory Care by the Bay together, Thilo and Greg formalize their relationship and focus on new development opportunities, establishing Bayshore Retirement Living. Prior to this, Thilo was CEO of Horizon Bay Retirement Living and Greg was Division Partner at Trammell Crow Residential before forming his own multifamily development company, GWI Investments.
2015
Bayshore Memory Care opens in November to strong demand. This 73-bed state-of-the-art Alzheimer’s care community is located in Naples, Florida.
2015
The Bayshore on Hilton Head Island breaks ground in December. This upscale 126-unit independent and assisted living community constructed in a high-end, five story, residential building is located in Hilton Head, South Carolina and is slated for occupancy in Spring of 2017.
2017
The Bayshore on Hilton Head Island, a 5-story, 126-unit luxury independent and assisted-living retirement community and the first of its kind in South Carolina, opens in June 2017.