Alta Senior Living has expanded its portfolio with the acquisition of a seniors housing community in Sacramento, California, through a joint venture with its capital partner, Brasa Capital Management. Built in 2017, The Village at Heritage Park features 162 total units, with 54 independent living, 60 assisted living and 48 memory care units. The community has already been rebranded as Rose Arbor Village.
Alta Senior Living was engaged in October by the previous owner to rebrand and stabilize an underperforming operation. Confident in strengthening its commitment to the community’s success, the company executed an acquisition that officially closed in February. An aggressive repositioning strategy that includes rebranding, upgrading amenities, launching lease-up initiatives and enhancing resident engagement has been implemented.
Alta Senior Living intends to pursue additional opportunities in Western and Southeast markets, so keep an eye out for future announcements.
