LOS ANGELES--Titan SenQuest Senior Living, the senior housing company of Los Angeles-based Titan Real Estate Investment Group Inc., has added 116 units in two properties to its senior-living portfolio in Texas.
The communities are Governor's Ridge Retirement & Assisted Living in Decatur and the Redstone Park Ridge Retirement & Assisted Living in Brownwood.
“We are excited at our opportunities to expand Titan SenQuest's portfolio in Texas, especially as the Fort Worth/Dallas metropolitan area continues to grow outward,” says Titan SenQuest chairman Kevin Kaseff. “The region supports senior housing, both independent living and assisted living facilities, and we are focusing our acquisition strategy on the urban center's greater surrounding area.”
Governor's Ridge is an exclusive facility for seniors, with a total of 57 units that range from independent living to assisted living. At the time of purchase, Governor's Ridge was 98 percent occupied. It features landscaped common areas and is focused on providing a “neighborhood” feel.
Redstone Park Ridge is close to Brownwood's sole medical center and steps from the Veterans Administration. With fully trained, 24-hour staff onsite, Redstone Park offers three levels of care, each with comprehensive services and amenities. Its 59 units were 86 percent occupied at the time of purchase.
“We look forward to greatly enhancing the residents' lifestyles at these two properties,” says Titan SenQuest president Doug Allen. “We are in a growth mode in Texas with additional acquisitions to be announced shortly.”
Reps with Titan did not respond to a request for additional comment by presstime.
Titan SenQuest also owns Corinthians Retirement Community in Carrollton and Waldenbrooke Estates in Bryan, near College Station.
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