West Des Moines, IA-based Lifespace Communities and Addison, TX-based Senior Quality Lifestyles Corp. have closed on the affiliation announced last month, Lifespace announced Thursday.
Lifespace now is the sole owner and operator of three former SQLC communities — Edgemere in Dallas, The Stayton at Museum Way in Fort Worth, TX, and Querencia at Barton Creek in Austin, TX — and SQLC’s management company, Seniority. The organization now has 15 communities in eight states serving more than 5,100 residents and employing more than 3,500.
“With many shared values and expectations for exceptional service, along with similar amenities and programming, we anticipate this will be a smooth, efficient transition,” said Larry Smith, interim president, CEO and chief financial officer, who will continue to lead Lifespace Communities.
Joe Anderson, has transitioned from the role of president and CEO of Seniority to president and chairman of the SQLC Foundation Board of Directors.
Two members of the SQLC board of directors, Scott T. Collier and Laurie Dotter, have joined the Lifespace Board of Directors, which is led by Paula Shives.
Two former SQLC communities, The Barrington in Carmel, IN, and The Buckingham in Houston, were not part of the affiliation agreement. A spokesman told McKnight’s Senior Living that Lifespace temporarily is managing The Barrington until a new owner is identified. Greystone is now managing The Buckingham, where a new, independent board of directors has been appointed.
