Holiday Retirement Names Edward F. Lange, Jr. Chief Executive Officer

LAKE OSWEGO, Ore., March 21, 2013 /PRNewswire/ -- Holiday Retirement announced today that Edward F. Lange, Jr. has been named the company's chief executive officer, succeeding  Jack Callison, Jr.  Mr. Lange assumes his new role effective immediately.

Mr. Lange has been associated with the residential and senior care industries for more than 20 years.  He spent more than a decade as a member of the executive management team of BRE Properties, Inc. (NYSE:BRE), where he joined as chief financial officer and was later promoted to chief operating officer and elected to the board of directors.  Prior to joining BRE, he served as the chief financial officer of Health Care REIT, Inc. (NYSE:HCN).

Mr. Lange has held other senior management roles, including chief financial officer of Americold and executive management roles with the Mediplex Group, Inc. and affiliated companies.  He earned a Masters of Business Administration from the University of Connecticut, and a Bachelor of Science from the University of Massachusetts.

"I am honored to have the opportunity to join Holiday Retirement and its leadership team," said Mr. Lange.  "I believe in the mission of serving seniors and the critical role housing serves. Holiday has a long tradition of leadership in this industry that we hope to build from."  

Commenting on the appointment, company president Kai Hsiao said, "We are extremely pleased to have Ed join the team at Holiday.  He is a highly regarded executive with a track record of success.  We look forward to Ed leading Holiday Retirement into our next chapter."

Holiday Retirement is in the business of providing security, comfort, and value to independent seniors seeking a fulfilling lifestyle in a welcoming environment.  With 316 communities serving more than 30,000 residents across the U.S. and Canada, Holiday Retirement is the largest provider of independent senior living in North America.  The company is privately held by Fortress Investment Group, LLC (NYSE: FIG) of New York, a leading diversified global investment management firm.

About Holiday Retirement Based in Lake Oswego, Ore., Holiday Retirement founded the concept of independent senior living in 1971 and has more than 300 communities throughout the U.S. and Canada.  For more information about Holiday Retirement, please call 503-370-7070 or visit www.holidaytouch.com.

SOURCE Holiday Retirement

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