Seattle-based Leisure Care, a One Eighty brand and one of the nation’s largest privately held senior housing management companies, continues to expand by partnering with Auctus Capital Partners to manage two local retirement communities in Ballard and Bellevue in Washington state.
Sagebrook Senior Living is owned by Auctus Capital Partners, a real estate investment firm focusing on acquisition, turnaround and asset management of senior housing communities in the Western United States. Auctus acquired Crossroads Retirement Center and Ballard Manor to establish the Sagebrook Senior Living brand.
“This partnership with Auctus gives us the ability to manage communities in the hot Seattle market and add to our existing community in Bellevue,” says Dan Madsen, CEO of Leisure Care. “The new communities will offer independent living, assisted living and the Bellevue community will offer memory care. There is a pent up demand for more services for seniors and we are looking forward to providing Leisure Care’s Five-Star Fun lifestyle.”
Sagebrook Senior Living in Bellevue, formerly Crossroads Retirement Center, is undergoing a full renovation, including the addition of apartments and a fresh interior and exterior remodel. The 108-unit building offers independent and assisted living, and will introduce 22 new memory care apartments, which will open in summer 2015.