GRAND RAPIDS, MI—Titan SenQuest Senior Housing, the senior housing company of Los Angeles-based Titan Real Estate Investment Group, Inc., has been expanding across the US, and has now bought Sentinel Pointe, a 152-unit retirement community on an 18-acre campus in Grand Rapids. The $10.3 million, off-market transaction marks the company's first acquisition in Michigan, where it plans to make other acquisitions.
The community at 2900 Thornhills Ave. SE was owned by a private family partnership that had built and owned Sentinel Pointe for generations. Titan SenQuest officials consider western Michigan an economically sound region and a prime market for senior housing.
“The Sentinel Pointe acquisition is a critical component of Titan SenQuest's national growth strategy, and we are actively focusing on Grand Rapids and other attractive communities in western Michigan,” said the group's chairman, Kevin Kaseff, in a prepared statement. He could not be reached by press time. “We're excited about our opportunities to expand this community with more services to meet our residents' diverse needs.”
The community offers a range of living options, from studio to deluxe apartments. Titan plans to increase assisted services for current and future residents. Sentinel Pointe already offers a wide variety of amenities including a “Main Street” that includes a financial institution with regular banking hours, sundries and gift shop. Residents also enjoy a fully equipped exercise room that includes a spa, sauna, space for senior focused yoga and other group exercises. In addition, the community offers large common areas, a greenhouse and a garden area for concerts and outdoor entertainment.
“Our vision is for Sentinel Pointe to bring new levels of life enrichment to residents and offer a valuable resource for families and advocacy for senior housing in Grand Rapids,” said Titan SenQuest president Doug Allen. “Families of area seniors will be able to attend monthly educational seminars on issues important to seniors, such as nutrition, socialization, personal care and latest trends in medicine and pharmaceutical care. We will be encouraging residents to increase their independence through activities that will stimulate their mental and physical capacities, as well as provide opportunities to serve other seniors in our community.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
