PHOENIX—IPA, an operator of multifamilycommunities in Michigan and Arizona, and RetirementCommunity Specialists, Inc., an operator of luxury seniorhousing communities in Arizona, recently announced they have joinedtogether under the same umbrella company, IPA,LLC.

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RCS and IPA now operate together under the direction of acombined executive team and board of directors, including the fourpartners of IPA and Eric Johnston, the founder andowner of RCS. Both organizations will continue to operate in themarketplace under their respective names, leveraging the brandsboth companies have successfully built over the years.

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The transaction created a multidimensional development andmanagement company, differentiated by its ability to deliverquality lifestyles for students, professionals, families andseniors.

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Allyson Nathan, director of marketing for bothcompanies and the new entity, tells GlobeSt.com,“This venture represents significant development opportunities thatwill increase the choice of luxury senior living options forseniors throughout metropolitan Phoenix. As the relationshipsbetween our multifamily and senior living communities grow, moreand more people will have the option to choose their next step,knowing our commitment to provide residents with the opportunity tolive life to the fullest will be synonymous with our brands.”

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IPA and RCS came together in 2012 to develop Generations atAgritopia, the flagship community of the company's “Generations”senior living brand. With plans to develop more communities in thePhoenix metropolitan market, “the decision to join forces was astrategic one based on the values and vision shared by bothcompanies,” says Bill Fettis, a partner at IPA.

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Nathan explains that as the relationship between IPA and RCSevolved over the last two to three years, it became more and moreevident that their values, beliefs and vision were verysimilar—that they could build a relationship going forward thatwould focus on the development of senior living and multifamilyhousing communities that offer residents an extraordinary lifestyleexperience. RCS' desire to step away from being apredominantly fee management company also factored into thedecision to partner with a developer. Under the jointventure, RCS will provide the senior housing operational knowledgeand background that will complement IPA's in-house developmentexpertise, including the company's experience with projectfinancing, obtaining land entitlements, along withpre-architectural planning and design.

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Nathan adds, “With our Liv branded multifamily communitieslocated in desirable locations near shopping, dining, qualityschools and major employers throughout Phoenix, the addition ofmore Generations senior living communities throughout themetropolitan area will offer more people the opportunity to livecloser to aging family members. This represents an opportunity foradult children to worry less about their family member's nutrition,social interaction, activity, driving or need for personal care,which they often provide at the risk of compromising theirproductivity at work, or the personal time they need for themselvesand their own families. With a focus on intergenerationalprogramming, residents of all of our communities will have moreopportunities to interact with each other through social events,and community service and volunteer activities that will occur atour properties and in the broader community. Residents from ourcommunities benefit from employer incentives we offer, as well asthe lure of our properties that attract their friends to live theretoo. We are thrilled that our communities have becomeresidential destinations enhancing not only the lives of theirresidents but also the local business communities.”

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