Midwest Continuing Care Retirement Community Portfolio
Category: Senior Housing - RIDEA
Midwest Continuing Care Retirement Community Portfolio consists of four rental continuing care retirement communities located in three major urban metropolitan areas in Colorado, Illinois and Ohio. The portfolio provides its residents a variety of care options, including independent living, assisted living, memory care and skilled nursing care. The 95 percent leased portfolio is managed by Senior Lifestyle Corporation and includes a total of 785 independent living units, 242 assisted living units, 45 memory care units and 137 skilled nursing units. Developed between 1986 and 2000, the portfolio underwent a significant renovation in the mid-2000s and consists of approximately 1.4 million square feet on 80 acres. More than $11.1 million in capital improvements have been completed since 2008.