Senior Housing Investments & Transactions: Inspirit Senior Living, IPA

Inspirit Senior Living Acquires Two Communities in Pennsylvania 

Inspirit Senior Living has acquired two senior housing properties in the state of Pennsylvania. 

The 67-unit Willow and the 70-bed Palmerton, which were previously owned and operated by LifeCare Holdings and The Weston Group, respectively, mark the third and fourth acquisition for the Fairfax, Virginia-based company. Both communities will be renovated, according to a press release.


Inspirit is currently in negotiations to acquire additional properties in the mid-Atlantic region, the release notes.

Florida Provider to Acquire Life Care CCRC in St. Augustine, Florida

Westminster Communities of Florida, the largest not-for-profit senior living provider in the state, is seeking to acquire a Glenmoor continuing care retirement community (CCRC) in St. Augustine, Florida.


Westminster would own and manage the retirement community, which was formerly owned by Life Care St. Johns, according to a press release.

The deal is pending state and federal approval.

Sage Healthcare Partners Picks Up New Jersey Community for $18.2 Million

Sage Healthcare Partners, a company that specializes in assisted living management, has acquired a United Methodist Communities property in Ocean Grove, New Jersey, for $18.2 million.

The community, Francis Asbury Manor, is comprised of 131 assisted living and memory care units. 

Institutional Property Advisors (IPA) helped arrange the transaction.

Written by Tim Regan

Companies featured in this article:

, , ,