LONGVIEW, TX - Civitas Senior Living announced the acquisition of two senior living communities in East Texas. Abby Development, based in Dallas, TX, owned and developed the communities in 2015-2016.
Arabella of Longview is located at 1133 E. Hawkins Pkwy. The building includes 132 independent living apartments, 20 independent living cottages, 50 assisted living apartments, and 32 memory care apartments.
Arabella of Athens is located at 413 Gibson Road. The building includes 12 independent living cottages, 34 assisted living apartments, and 21 memory care apartments. The combined transaction adds 314 units to the Civitas Portfolio of 20+ properties located in Texas.
Both communities will be managed by Civitas under the leadership of Wayne and Misti Powell. Together, this management team has more than 30 years of experience operating senior living communities in Texas.
Wayne Powell, president of Civitas, says, "April has been a great month for the growth of Civitas Senior Living – adding these two East Texas Arabella properties to the earlier purchase of Arabella of Kilgore expands our East Texas footprint allowing us to focus on regional market expansion. Each of these properties have a strong Independent Living component that mirrors current Independent Living expansions at other existing Civitas Properties."
Source: Civitas Senior Living / #Senior #Multifamily