Senior living community operator Arcadia Communities, based in Louisville, Ky., said it closed on the acquisition of the Trace Senior Living Community in Covington, La., for an undisclosed amount.
The 77-apartment community provides independent living, assisted living, and memory care options for its residents.
“We are very excited with the addition of the Trace to our company. The Trace is the premier assisted living community in the area and we look forward to continuing to build upon the success they have achieved” said Brian Durbin, President of Arcadia Communities.
Built in 2009, the community was at full occupancy at the time of the acquisition, and Arcadia stated its plans to retain The Trace’s staff and management.
Arcadia also operates other independent and assisted living communities in Michigan and Ohio, with additional communities under development.
Written by Alyssa Gerace
