Bloomfield, NJ-based Juniper Communities expanded its senior living portfolio by eight communities during the first half of the year, bringing the total to 28 communities owned or managed by the company.
Juniper added management of five properties from the Columbia Pacific Advisors’ portfolio and three from LTC Properties, according to a press release issued Monday.
The expansion places the company in additional markets across the country. Management of the four Columbia Pacific Advisors’ properties in Texas and one in New Jersey adds 404 assisted living units, 46 memory care units, 140 independent living units and 156 skilled nursing beds to Juniper’s portfolio. Two of the LTC communities, located in Pennsylvania, are licensed for 196 personal care (assisted living) residents and 47 memory care residents. Juniper Communities is not releasing information about the third LTC property, located in New Jersey, until licensing is completed. That process may be finished as soon as next month, the company said.
“2021 will be another crucial year for seniors housing, and we expect big opportunities and more change amid the recovery from the disruption caused in 2020,” said Juniper founder and CEO Lynne S. Katzmanm, Ph.D. “For providers like Juniper, our nimbleness enabled us to take early action against COVID-19 in our communities, testing residents and staff, implementing protocols and infusing the use of technology to maintain safety and well-being. We were able to maintain our base while planning for future demand once recovery from COVID begins and confidence is restored.”
