Seattle-based senior housing management company Leisure Care recently took over the management contract of a five-property portfolio of Texas independent living communities, marking a 17% growth for the company’s management portfolio.
The contract is for all of The Conservatory Senior Living’s retirement communities, and includes 1,053 apartments. Leisure Care now manages more than $1.5 billion in assets.
With this expansion, Leisure Care now has a larger presence throughout the U.S. This most recent deal closely follows Leisure Care’s entrance into the Georgia market with The Renaissance on Peachtree.
“In the last year, Leisure Care has added nearly 1,500 new apartments to its portfolio. We have grown by over 25% and we are excited to continue this growth by bringing our services and programs to new markets,” says Leisure Care President Tana Gall. “The addition of these five communities to the Leisure Care network not only allows us to continue our company’s growth, but builds on our great relationship with The Conservatory.”
The five independent living communities are all relatively new, having been open for less than seven years. The properties are The Conservatory at Plano in Plano, Tex.; The Conservatory at Keller Town Center in Keller Tex.; The Conservatory at Wells Branch in Austin, Tex.; The Conservatory at Champion Forest in Spring, Tex.; and The Conservatory at Alden Bridge in The Woodlands, Tex.
Leisure Care will continue to offer The Conservatory’s full range of services, including five-star dining and concierge services. It will also bring a focus and commitment to health and wellness programs.
Written by Alyssa Gerace