TrinityCare Senior Living, Inc. (OTC Bulletin Board: TCSR), which develops, manages and owns faith-based senior living facilities, recently announced the status of its aggressive expansion strategy. The Company has embarked upon a significant expansion program for 2010, with a goal to triple the number of residential units currently owned and managed through the development of new senior care facilities. TrinityCare Senior Living, Inc., through its wholly-owned management company, is developing two new communities in the Houston metropolitan area (Pearland and Katy), two in Louisiana (Shreveport and Covington) and two in Eastern Tennessee (Seymour and Crossville).
"We have excellent lenders who are actively involved in assisting us with financing for our expansion," stated Donald W. Sapaugh, Chairman and Chief Executive Officer of TrinityCare Senior Living, Inc. "We have been very strategic in selecting markets where the economic climate is strong relative to the rest of the country, where construction costs are low and demand is high. These strict requirements should allow us to experience successful expansion with excellent lease-up potential."
