NEW
BRAUNFELS, Texas, July 9, 2024
/PRNewswire/ -- LifeCare Properties (LCP), a Biloxi, Mississippi-based developer of senior
living communities, is pleased to announce the sale of The Blake at
New Braunfels to Scottsdale, Arizona-based Inspired Healthcare
Capital. The transaction was expertly facilitated by Cody Tremper and his team at Berkadia Seniors
Housing & Healthcare.
The Blake at New Braunfels, a
112-unit assisted living and memory care community, represents
premier senior living in the heart of Texas Hill Country. Built in
2021, this Class A property features 71 assisted living units and
41 memory care units, along with exceptional amenities such as a
salon, a theater, and an on-site physical therapy clinic. Its
strategic location near Resolute Baptist Hospital further
underscores the community's commitment to providing accessible,
top-tier healthcare.
Blake Management Group, known for its operational excellence in
senior living management, will continue to operate The Blake under
the new ownership, ensuring that residents experience minimal
disruption and maintain the quality of life they are accustomed
to.
"We developed The Blake with a vision of excellence in senior
living. We are confident that Inspired Healthcare Capital will
advance this vision, ensuring the highest standards of service and
operational continuity," stated Brooks
Holstein, LCP founder and managing member.
With the recent completion of The Blake at Tyler and the ongoing success of The Blake at
Waco—both operated by Blake Management Group—LCP has leveraged its
deep market insights and developed its senior living portfolio
during historic economically challenging times. The sale of The
Blake at New Braunfels is a
strategic move that allows LCP to capitalize on new development
opportunities in response to the increasing demand driven by the
"Silver Tsunami." By partnering with astute capital investors and
maintaining Blake Management Group's operational excellence,
LifeCare Properties aims to enhance its portfolio's stability and
growth, ensuring robust investment returns in a sector that is both
essential and expanding.
About LifeCare Properties:
LifeCare Properties, LLC (LCP), is a commercial real estate
development company with a focus on developing institutional grade
senior living communities. Utilizing extensive experience in market
selection, as well as relationships with national and regional
contract partners, LCP has consistently developed successful
communities. LCP was founded on the core values of integrity,
knowledge, accountability, and results. Its parent company, COMVEST
Properties, LLC, is a family-owned multi-generational development
and investment company where these values have enabled growth
across several real estate categories from hotels, to restaurants,
to retail, and now senior living.
For additional information on LifeCare Properties, please visit
www.lifecarepropertiesllc.com.
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SOURCE LifeCare Properties