Koelsch Communities has opened a new independent living community in Elk Grove, California. The community broke ground in May of 2019, but completion was delayed due to the pandemic. The $75 million Park at Laguna Springs sports 135 senior apartments and 16 casita apartments.
Koelsch is vertically integrated with a construction arm, and three memory care communities have come online in the last 12 months: an 80-unit community in Kirkland, Washington, a 72-unit community in Elk Grove, California, and a 72-unit community in Puyallup, Washington.
Koelsch has been adding independent living and assisted living offerings, preferring to build out continuum-of-care options on a given campus or in a particular market area. Other new developments include a $98 million, 129,000-square-foot community with 76 memory care and 80 assisted living units being constructed in Bellevue, Washington, and is slated to open to residents in the coming months. In Vancouver, Washington, a $108 million project dubbed University Village is set to include 26 cottages, 138 independent living units and 101 assisted living units and will open later this year. These new constructions bring Koelsch’s ownership total up to 40 properties.
Koelsch’s occupancy gains and its portfolio expansion may go hand-in-hand with operational innovations, many of which were implemented in 2020. These tech pilots and new partnerships include S3 Balance devices to help residents gain strength, and reduce falls and two-person transfers; Zinnia TV, through which memory care residents can watch soothing television content, and receive and watch videos from loved ones; and Joe and Bella, a company that makes adaptive clothing and shoes for residents.
