Watermark Retirement Communities, Inc., formerly Fountains Retirement Communities, has been reappointed as manager for 16 retirement communities previously managed by Sunrise Senior Living, announced David N. Barnes, President/CEO of Watermark Retirement Communities. After selling 18 properties within the Fountains brand to Sunrise in 2005, Fountains Retirement Communities was renamed Watermark Retirement Communities. Over the past four years, with his partner David Freshwater, former Fountains CEO, Barnes has grown Watermark’s management portfolio to 11 communities plus three home health agencies in six states. The addition of the Fountains portfolio brings Watermark’s total managed communities to 27 in 16 states.
"Watermark was the obvious choice for managing the Fountains portfolio because we know the communities so well. We very much look forward to the coming weeks and months as we personally welcome back so many former residents and associates into the family of Watermark communities. It feels like we’re putting the band back together," stated Barnes.