SRI Management Enters Arkansas, Expands Tennessee Senior Care Footprint

TALLAHASSEE, FL – March 02, 2026 – Senior living operator SRI Management has announced a significant expansion of its portfolio, marking its first entry into the Arkansas market with the acquisition of Langford of Fayetteville and bolstering its Tennessee presence by adding Westhill Collierville. The move signals a deliberate growth strategy as the senior housing industry rebounds and prepares for a wave of demographic-driven demand.

The addition of these two communities brings SRI Management’s portfolio to over 50 properties across the United States. The company, a brand within the SR Companies family, has more than 25 years of experience in operating Independent Living, Assisted Living, and Memory Care facilities. This latest expansion is not merely about increasing numbers, but about strategic positioning in key regional markets.

“We are proud to welcome Langford of Fayetteville and Westhill Collierville into the SRI Management family,” said Todd Filippone, President of SRI Management, in a statement. “Entering Arkansas is an important milestone for us. Both communities have strong teams, and our focus is to build on that foundation by strengthening clinical support, investing in people and enhancing the resident experience through disciplined operations and hands-on leadership.”

Strategic Growth in a High-Demand Sector

SRI Management's expansion comes at a pivotal moment for the senior living industry. After facing challenges during the pandemic, the sector is experiencing a robust recovery. According to the National Investment Center for Seniors Housing & Care (NIC), average occupancy rates in primary markets climbed to 87.2% in the fourth quarter of 2024, nearing pre-pandemic levels as demand outpaces new inventory growth. Projections indicate a need for over 500,000 new senior living units by 2030 to accommodate the nation's aging population, a demand that operators are racing to meet.

SRI Management’s move into Fayetteville, Arkansas, and its deeper investment in Collierville, Tennessee, reflects a calculated strategy to tap into growing, and in some cases underserved, markets. Fayetteville, while having a younger median age, is part of the rapidly growing Northwest Arkansas region. The city’s lower-than-average assisted living costs—around $4,602 per month compared to a national average of nearly $6,000—make it an attractive location for seniors. Langford of Fayetteville will be positioned to capture this market with a full continuum of care.

“Our growth strategy is intentional and values-driven,” noted Don Bishop, Chief Executive Officer of SRI Management. “We expand into markets where we can make a meaningful impact. Arkansas is a natural extension of our footprint, and alongside Westhill Collierville, these communities align with our mission to elevate the senior living experience while providing long-term operational strength.”

This values-driven approach, centered on Character, Compassion, Commitment, Consistency, and Communication, is what the company believes will differentiate its communities in these competitive landscapes.

Enhancing Local Care Landscapes

The impact of this expansion will be felt most directly by families in Fayetteville and Collierville. The two communities bring distinct services tailored to their local markets.

Langford of Fayetteville is set to become a cornerstone of the local senior care ecosystem by offering Independent Living, Assisted Living, and Memory Care. This comprehensive model supports the increasingly popular concept of “aging in place,” which allows residents to transition between levels of care as their needs change without the disruption of moving to a new facility. This continuity is a significant benefit for both residents and their families, providing stability and familiar surroundings during challenging life transitions. The community's focus on specialized memory care addresses a critical need for those living with Alzheimer’s and other forms of dementia.

In Tennessee, Westhill Collierville reinforces SRI's presence in the greater Memphis area. The community provides Assisted Living and Memory Care, known for its personalized approach in a residential setting. Collierville has a significant senior population, with nearly 15% of its residents aged 65 or older. The market features several competitors, including large-scale continuing care retirement communities (CCRCs). Westhill Collierville, under SRI's management, will focus on its strengths of individualized wellness plans and a compassionate team, leveraging SRI's centralized infrastructure for clinical oversight and leadership development to ensure high-quality, consistent care.

The economic impact is also notable. New developments and acquisitions in the senior living sector are significant job creators. For instance, a separate large-scale senior living project in Collierville was projected to create around 275 jobs. SRI Management’s investment in people and operations at both Langford and Westhill is expected to create and sustain jobs in clinical care, hospitality, and administration, contributing to the local economies.

Reflecting Broader Industry Shifts

SRI Management's expansion is more than a corporate milestone; it is a reflection of the evolution occurring across the entire senior living industry. The one-size-fits-all retirement home of the past is being replaced by sophisticated, integrated care hubs that cater to a wide spectrum of needs and lifestyle preferences.

The company’s emphasis on a continuum of care—from independent living to high-acuity memory support—aligns directly with the trend toward integrated models. As the baby boomer generation ages, they are not only living longer but are also entering senior living with more complex health needs. Operators are responding by strengthening their clinical capabilities, offering more specialized services, and forging closer ties with the broader healthcare ecosystem.

SRI's plan to implement its proven operational platform, which focuses on regulatory compliance, team development, and financial stability, is crucial in this environment. The industry continues to grapple with workforce challenges, including staffing shortages and rising labor costs. By investing in leadership development and building strong local teams, SRI aims to mitigate these challenges and ensure a high standard of resident experience.

Ultimately, the acquisition of Langford of Fayetteville and Westhill Collierville represents a strategic bet on a future where quality, consistency, and a full spectrum of care are the primary drivers of success. As demand for senior housing continues to surge, operators that can deliver on this promise will be best positioned to thrive, transforming the landscape of senior care for local communities and the nation as a whole.