Arrow Senior Living acquired eight seniors housing communities across Illinois, Iowa, Missouri and Arkansas. Acquired in June, CedarStone Senior Living and PrairieStone Senior Living, both in Cedar Falls, Iowa, were developed by Nelson Construction and Development. CedarStone comprises 120 units (88 AL and 32 MC). PrairieStone features 111 units (79 AL and 32 MC).
Arrow also acquired six IL communities in a joint venture with Welltower in early July, adding 654 units to its portfolio. The Cambridge Senior Living in Springfield, Missouri, consists of 115 units. The Gardens at Arkanshire in Springdale, Arkansas, features 80 units. The Montvale Senior Living in Springfield, Illinois, has 121 apartments. Curtis Creek Senior Living in Quincy, Illinois, totals 120 units. Lastly, Mallard Point Senior Living in Cedar Falls, Iowa, comprises 114 units, and Walden Place Senior Living in Iowa City totals 104 units.
