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TEXAS/SOUTHWEST NEWS
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Titan SenQuest Acquires Two Texas Senior Living Properties

10/20/14

Titan SenQuest Senior Living has boosted its Texas senior living portfolio with the recent acquisitions of two properties containing a combined 116 units. The senior communities are Governor’s Ridge Retirement & Assisted Living in Decatur, the county seat of Wise County and part of the Dallas/Fort Worth metroplex, and the Redstone Park Ridge Retirement & Assisted Living in Brownwood, the county seat of Brown County, TX.

According to 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. Titan SenQuest is the senior housing company of Los Angeles-based Titan Real Estate Investment Group Inc.

Governor’s Ridge, located at 300 E Devereaux St in Decatur, is an exclusive facility for seniors with an active lifestyle, offering 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.

The property features beautiful landscaped common areas that provide residents access to gardening, a library and areas designed to promote daily exercise in a structure environment. Focused on that “neighborhood” feel, Governor’s Ridge offers a beauty shop, expansive dining rooms and large private dining for family gatherings. A nursing staff that provides 24/7 coverage, physical therapy, housekeeping, personal laundry and the opportunity to enjoy their pets, residents of Governor’s Ridge enjoy their lifestyle.

The Redstone Park Retirement & Assisted Living Community is located at 2410 Songbird Circle in the heart of downtown Brownwood, conveniently close to Brownwood’s only major medical center and just 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 designed to create an enriching lifestyle for seniors at every level of activity.

The property’s 59 units were 86 percent occupied at the time of purchase. Pets are allowed in the community, set in beautiful Redstone Park, and residents are provided with a range of amenities to make life easier, from a beauty shop, housekeeping and cable TV to daily activities, game and exercise rooms, and scheduled transportation. SenQuest plans a program of capital improvements for Redstone Park that includes new lush landscaping and an enhanced appearance of building exteriors. Set in a secluded area, Redstone Park offers residents a range of amenities that include a beauty shop, scheduled daily exercise and activities, transportation and outdoor common areas to enjoy gardening and their pets.






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