Willow Ridge Senior Living acquired another seniors housing community, adding Garden Plaza to its growing portfolio. Built in 2011, the community features 102 assisted living/memory care units and 12 independent living patio homes in Florissant, Missouri. It will be rebranded as Fields of Florissant. Willow Ridge made the acquisition in partnership with a growing private equity group.
Jeff Binder and Dave Balow of Senior Living Investment Brokerage represented the seller, a regional owner/developer of senior care properties that was exiting to focus on other real estate holdings. The purchase price was not disclosed.
In recent months, Willow Ridge has also added Village at Maiden Park in Rochester, New York, Knoxville Landing in Tennessee and Village at Riverglen in Littleton, New Hampshire.
