MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of four additional senior housing communities across Ohio, Texas, and Massachusetts to wrap up 2022, including:
AVIVA Glendale, a 50-unit, 70 bed assisted living community in Toledo, OH at the western tip of Lake Erie. Conveniently located minutes away from a variety of shops, restaurants, cultural attractions, and within 3 miles of two major hospitals; University of Toledo Medical Center and St. Luke’s Hospital. Substantial capex will be added to help position the asset as a key community in the market.
AVIVA Hills, an 80-unit assisted living and memory care community in Canton, OH with 1 and 2 bedroom residences that feature some of the largest floor plans available in Canton. With 60 assisted living units and 20 memory care units, the community offers 91 beds and is licensed to expand up to 150. A full interior transformation is planned with state of the art assisted living and memory care upgrades along with exterior enhancements. Located on a beautiful secluded lot in the Belden Village area and within 5 miles of three major hospitals, and 2 miles from the area’s premier shopping, dining, and entertainment. This adds a second AVIVA community in the Ohio market, as Lloyd Jones expands its midwest footprint.
AVIVA Granbury, a 75-unit independent living, assisted living, and memory care community in Granbury, a growing suburb of Dallas-Fort Worth and popular destination for retirees. The community sits on a nearly 30-acre site comprising two buildings, one offering 41 independent living units and 15 assisted living units, and one dedicated to 19 memory care units. With an additional acreage of undeveloped land, the company is exploring expansion opportunities in the coming years.
AVIVA Country Club Heights, a 104-unit assisted living and memory care community in Woburn, MA, an affluent northern suburb of Boston. The seven-story community is situated on a beautiful golf course country club, and consists of 83 assisted living units and 21 memory care units. All units and amenities were 100% upgraded within the last two years. The area supports strong senior housing demand with 9K+ income qualified seniors, projected to grow 23% by 2026. The community will receive $4M of CapEx upgrades.
As a senior housing operator, AVIVA Senior Living is owned and supported by the full resources of its parent company, Lloyd Jones. This past year Lloyd Jones laid the foundation for an exceptional future with AVIVA, set to become the benchmark for senior living moving forward.
“Lloyd Jones has successfully invested in and operated multifamily and senior housing real estate for four decades,” said Chris Finlay, CEO & Chairman at Lloyd Jones. “We look forward to bridging this experience with AVIVA to provide seniors with an incomparable living experience, combined with the latest amenities, services, and level of care that are expected of a world-class senior living community.”
Lloyd Jones identifies acquisitions that allow them to offer high-quality care by taking advantage of existing infrastructure and improving both the amenities and environments for existing and future residents. These holdings allow them to build a network of communities and grow their senior living presence across the country, while scaling operations with a broad range of industry experts and an innovative approach to adopting technology.
“We are creating middle-market options that span the senior living continuum, from active adult apartments to memory care and skilled nursing communities with innovative senior living technology that improves the way we deliver senior care,” said David Grady, President of AVIVA Senior Living. “We believe that this market will continue to outpace available supply, and that we are uniquely positioned to satisfy growing demand for affordable senior living with a focus on operational excellence.”
Lloyd Jones plans to rapidly expand their 11 holdings in the senior living space and expects to reach 5,000 units by the end of 2023.
About Lloyd Jones LLC
Lloyd Jones is a real estate investment firm with 40 years of industry experience under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in multifamily and senior housing investment, development, and management. Investment partners include private and institutional investors and family offices around the world.
To learn more about Lloyd Jones, visit lloydjonesllc.com
To learn more about AVIVA Senior Living, visit avivaseniorliving.com