Portfolio
Alamar Senior Living
Location: Wellington, FL | Palm Beach MSA
Acquisition Date: October 2024
Asset Type: Senior Housing
Size: 134 Units | 131,955 SF
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In October 2024, SRC closed on the acquisition of a 134-unit, 2018 vintage, Assisted Living and Memory Care community. The property is located in the heart of Palm Beach County, and focuses on providing connection, hospitality, and top-notch licensed care and medical services to residents. Ownership intends to conclude a significant capital improvement plan by Q2’25 to further enhance and differentiate the community in this dynamic and growing submarket. The community is managed by Florida-based, AgeWell Solvere Living.
Hotel Granada
Location: Atlanta, GA | Midtown Submarket
Acquisition Date: August 2022
Asset Type: Hospitality
Size: 103 Keys
Affiliation: Independent
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In August 2022, SRC acquired a 103-key hotel in a Class A location in the rapidly growing submarket of Midtown Atlanta. SRC and its partners took the hotel through a gut renovation, redevelopment and rebranding of the property into a 120-key independent, boutique, lifestyle property that has set a new standard for hospitality in the Midtown Atlanta submarket.
Keystone Place
at Terra Bella
Location: Land O’Lakes, FL | Tampa MSA
Acquisition Date: May 2022
Asset Type: Senior Housing
Size: 140 Units | 146,440 SF
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In May 2022, SRC closed on the acquisition of a 90% ownership interest in a 140-unit, 2018 vintage, Independent Living, Assisted Living and Memory Care community located 30 minutes north of downtown Tampa Bay, Florida. The four-story, Class A asset is situated on a 6-acre parcel with full amenities including a pool, movie theater, clubhouse, pub/coffee bar, fitness center and library.
The Missouri Senior Housing Portfolio
The Plaza Senior Living at Wildwood
Location: Wildwood, MO | St. Louis MSA
Acquisition Date: December 2023
Asset Type: Senior Housing
Size: 81 Units | 73,052 SF
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Investment Summary: In December 2023, SRC closed on the acquisition of an 81-unit, 2018 vintage, Assisted Living and Memory Care community located 30 minutes west of downtown St. Louis, MO. The three-story, Class A asset is situated on a 1.7-acre parcel with full amenities including a fitness center, movie theater, piano room, salon, bistro and library. The property is being managed by St. Louis-based Arrow Senior Living.
The Town & Country Senior Living
Location: Town and Country, MO | St. Louis MSA
Acquisition Date: December 2023
Asset Type: Senior Housing
Size: 86 Units | 78,155 SF
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In December 2023, SRC closed on the acquisition of an 86-unit, 2017 vintage, Assisted Living and Memory Care community located 20 minutes west of downtown St. Louis, MO. The three-story, Class A asset is situated on a 2.6-acre parcel with full amenities including a movie theater, crafts room, outdoor patio, bistro, fitness center and library. The property is being managed by St. Louis-based Arrow Senior Living.
The Burlington Creek Senior Living
Location: Kansas City, MO | Kansas City MSA
Acquisition Date: December 2023
Asset Type: Senior Housing
Size: 85 Units | 77,433 SF
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Investment Summary: In December 2023, SRC closed on the acquisition of an 85-unit, 2016 vintage, Assisted Living and Memory Care community located 15 minutes north of downtown Kansas City, MO. The two-story, Class A asset is situated on a 13.8-acre site with full amenities including walking paths, a movie theater, salon, bistro, fitness center and outdoor patio. The property is being managed by St. Louis-based Arrow Senior Living.