Pegasus Senior Living took over management contracts for eight senior living communities in Texas and New Mexico. Previously operated by LifeWell Senior Living and developed by Pinpoint Commercial, the portfolio comprises 652 assisted living and memory care units. A small group of investors primarily based in Houston owns the communities.
The transition is set to occur September 1, and LifeWell will still operate active adult communities after the transition. Pegasus now operates 43 senior living communities across 13 states, and its goal before the end of the year is to increase average occupancy to 90%.
