Carlsbad, California-based Integral Senior Living is making a big move outside of its home state. Strictly a third-party manager, ISL was founded in 2000 by Sue Farrow (formerly of Aegis Living, Sunrise Assisted Living and Transamerica Senior Living) and is now one of the largest providers of senior care in California. But in addition to adding five more California communities to its management portfolio in the coming year, ISL is making a big push across the country.
ISL already has a presence in 10 other states outside of California, but will manage new communities in Texas (3), Missouri (2), Colorado (2), Utah (1), Nevada (1), Tennessee (1) and Georgia (1). The properties, which will be independent living, assisted living, memory care, or a combination, will vary in size and will be built by different development companies.
Its Richmond, Texas assisted living community, planned for opening this spring, was developed by Houston-based Hettig/Kahn Development Corp. for a cost of approximately $17.5 million, or $178,600 per unit, which is right around the regional average of according to our stats. It will feature 98 units, 25 of which will be set aside for memory care.
Integral will not have an ownership stake in any of the properties it will manage, but it certainly making its mark in the development world.
