Holiday Retirement recently announced its acquisition of two new retirement communities, located in Wisconsin and Oregon.
“We are thrilled with our two most recent acquisitions, which enable us to serve a growing number of seniors seeking a fulfilling, independent lifestyle,” said Holiday Retirement CEO Jack R. Callison, Jr., in a statement. “Holiday Retirement is in a tremendous growth mode, and we warmly welcome our new residents and employees at Alta Mira and The Regent into the Holiday Retirement family.”
The purchase of the Alta Mira senior apartment complex, located in Menomonee Falls, Wisc., was brokered by Marcus & Millichap for $15 million. The community has 128 individual senior apartments and features underground parking, a wellness center, a salon, a game room, a fitness center, a library, and a business center.
The other senior apartment complex, The Regent, is located in Corvallis, Ore. and was acquired for an undisclosed sum. It has 84 private senior apartments along with a fitness center, on-site beauty salon and barber shop, a library, and a billiards/activity room.
Both communities will be operated under the Holiday Retirement model and will provide residents with daily chef-prepared meals made from scratch, two sets of live-in managers with 24/7 availability, complimentary transportation, housekeeping, and a variety of senior activities and events.
All services and almost all utilities in Holiday communities are combined into one month-to-month rent with no entrance fees required.
Holiday Retirement now owns and operates 312 communities across the United States and Canada.
Written by Alyssa Gerace