Joint venture to invest nearly $50 million across two acquisitions and planned capital expenditure improvements
A joint venture between Senior Living Transformation Company, LLC (“SLTC”), a senior living investment firm, and Sabal Investment Holdings (“Sabal”), an investment management firm serving institutional investors across the U.S., today announced the acquisition of two senior living communities: Daylesford Crossing in Paoli, Pennsylvania, and The Villages of Windcrest in Fredericksburg, Texas. Both communities offer assisted living and memory care housing options.
In total, the joint venture will invest nearly $50 million to acquire the communities and upgrade their physical, technological, and operational infrastructure to better serve their respective markets.
Daylesford Crossing is located on the Main Line in metro Philadelphia and includes 78 units. The Villages of Windcrest is located in Texas Hill Country, near Austin, and includes 81 units. Each community was acquired from sellers facing capital stack challenges, for whom disposition proved the ideal solution.
“These acquisitions showcase SLTC’s and Sabal’s ability to provide solutions for challenged sellers within this critically important real estate sector,” says Arnie Whitman, Founder and Managing Partner of SLTC. “With newer vintages and strong locations in markets with compelling demographic demand, both communities offer substantial upside through operational enhancements, targeted technology investment, and Care Flows, the software program developed by Centered Care, SLTC’s wholly owned subsidiary, to support the use of data for care coordination across clinical, operational, and resident-facing teams.”
Centered Care, a wholly owned subsidiary of SLTC, develops tools that make care in senior living settings more coordinated and data informed. Its Care Flows software helps organize resident information, care tasks, and team workflows, giving operators greater visibility, accountability, and communication across care teams.
“SLTC will make Care Flows and related operational tools available to the communities’ manager to support care coordination and create meaningful value at each asset,” adds Whitman. “Strategic capital expenditure improvements will also be made at Daylesford Crossing to return the community to Class A market standards and capitalize on heightened demand among the aging baby boomer cohort.”
Daylesford Crossing will feature SLTC’s Transformation Club, a signature community amenity designed to elevate the standard of service and care while promoting longevity and an enriched lifestyle for every resident.
“Quality, well-located properties with upside potential in this thriving asset class continue to attract us,” says Tal Seder, Managing Director of Sabal Investment Holdings. “The combination of a sizable, aging baby boomer population and years of limited new construction is bringing the industry to an inflection point. Investment in this sector is both critical and ripe with opportunity.”
Sabal and SLTC are continuing to pursue additional senior housing investment opportunities.
Both communities will receive foundational management services from Juniper Communities, a leader in senior housing operations currently in its third decade of business. In this engagement, Juniper will provide foundational support to the operating teams, including quality assurance, budgeting, staff recruitment and retention, and core operating systems. As the planned Transformation Club at the community takes shape, additional services may be introduced, including VivaLife 365, which enables Catalyst℠, Juniper’s wellness-oriented ancillary service and engagement programs, along with other signature initiatives designed to support resident wellness, lifestyle, and operating performance.
With more than four decades of real estate investment experience, Senior Living Transformation Company, LLC (“SLTC”) is a transformative senior living real estate investment firm that integrates capital, technology, and healthcare strategies to create superior returns. Led by a multidisciplinary team of investors, operators, technologists, and healthcare leaders, SLTC partners with best-in-class operators to unlock operational and financial value in senior living communities. Through Centered Care, its wholly owned subsidiary, SLTC develops technology tools, including Care Flows, that help unify fragmented data sources and support data-driven care coordination, proactive operations, improved resident outcomes, and real-time asset management. Visit www.sltc.llc.
Sabal Investment Holdings (“Sabal”) is a real estate investment manager serving institutional investors across the U.S. As a fully integrated firm, Sabal identifies, underwrites, structures, and closes commercial real estate investment opportunities throughout the capital stack. The firm is headquartered in Irvine, California, and currently manages over $1.8 billion in assets. Visit www.sabal.com.
Juniper Communities is a leader in quality, value, and innovation, owning and operating senior living communities in Colorado, Delaware, New Jersey, Pennsylvania, and Texas. Juniper communities emphasize the well-being, engagement, and security of those who call them home, and the company’s approach to housing and care gives community members the opportunity to live fully, regardless of age or health. To learn more about the many ways Juniper Communities innovates in support of residents, visit www.junipercommunities.com.
