Senior Lifestyle Engages in Strategic Recapitalization of Two Major Communities
Senior Lifestyle Engages in Strategic Recapitalization of Two Major Communities
In a significant move to strengthen its position in the senior living sector, Senior Lifestyle has entered a recapitalization agreement focusing on its notable communities: North Shore Place in Northbrook, Illinois, and The Sheridan at Eastside located in Snellville, Georgia. This strategic measure not only reflects the quality of these communities but also aims to fortify partnerships with institutional investors.
Overview of the Recapitalization
The recapitalization process undertaken by Senior Lifestyle involves collaboration with various capital partners. This partnership plays a crucial role in sustaining the operational excellence and high standards that these communities have come to be known for. Jon DeLuca, the President and CEO of Senior Lifestyle, emphasized the importance of this move in expanding their institutional relationships while ensuring these communities remain part of the Senior Lifestyle family.
North Shore Place: A Premier Destination in Senior Living
Nestled in the vibrant suburb of Northbrook, North Shore Place is home to 188 units of assisted living and memory care facilities. Originally constructed in 2014 with 156 units, the community underwent an expansion in 2019 to meet growing demand. Its elegant design and comprehensive amenity offerings have earned it a stellar reputation as one of the leading senior living options in the Chicago area. With a consistent focus on quality care, North Shore Place provides residents and their families with peace of mind regarding their well-being.
Key Features:
- - Assisted Living and Memory Care: North Shore Place caters to varying resident needs, promoting a comfortable living environment combined with professional care.
- - Prime Location: Situated in Chicago's affluent North Shore suburbs, residents have access to a myriad of services and amenities.
The Sheridan at Eastside: Embracing Community Living
The Sheridan at Eastside stands as a testament to modern community living, featuring 214 units designed for independent living, assisted living, and memory care. This community, which opened its doors in 2019, is set on a picturesque 15-acre campus that beautifully surrounds a serene five-acre pond. The community is dedicated to offering a variety of living arrangements tailored to diverse resident needs while promoting an enriching and vibrant lifestyle.
Noteworthy Aspects:
- - Diverse Living Options: From independent living villas to assisted living arrangements, The Sheridan at Eastside addresses the specific preferences of its residents.
- - Signature Experiences Programming: Senior Lifestyle invests in programs designed to enhance the quality of life and create a sense of community among residents.
Commitment to Excellence
Founded in 1985, Senior Lifestyle has developed and operated numerous senior living communities across the United States. The company is recognized for delivering innovative care programs and hospitality-driven services. The recent recapitalization effort underscores Senior Lifestyle's commitment to ensuring that its communities continue to be exceptional places for residents to live and thrive.
With a focus on providing personalized living options for seniors, Senior Lifestyle offers a comprehensive suite of services including independent living, assisted living, memory care, and continuing care solutions. This commitment to excellence is what demarcates their communities in the bustling senior living industry.
For further information or to learn more about Senior Lifestyle, their approach to senior living, or details about North Shore Place and The Sheridan at Eastside, visit SeniorLifestyle.com.
Topics Consumer Products & Retail）
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