MIAMI – Lloyd Jones, a real estate investment firm headquartered in Miami, Florida, has announced the acquisition of a 48-unit memory care community located in Merrillville, Indiana. Previously Journey Senior Living of Merrillville, the asset will operate under the firm’s signature senior-living brand as AVIVA Merrillville.
Built in 2016, AVIVA Merrillville is a well-established community that provides residents with personalized memory and respite care services. The sophisticatedly designed property features a variety of amenities such as a central courtyard with secured walking paths, vast library and activities lounge, beauty and barber salon, and a fully-stocked bar and bistro.
“We are thrilled to add Merrillville to our growing portfolio of senior-living communities,” says Christopher Finlay, Chairman and CEO of Lloyd Jones. “Our aggressive acquisition strategy has produced twelve new assets since January of last year, and we continue to believe that senior housing is the most attractive investment opportunity today.”
Lloyd Jones intends to implement a capital renovation strategy totaling over $750,000 towards the installation of new technological packages and extensive physical upgrades to bring the property up to Aviva brand standards.
David Grady, President of Aviva Senior Living, expressed his excitement for the acquisition by stating, “We are proud to bring the Aviva values to Merrillville and maintain our mission of providing exceptional senior living options for residents. We look forward to working with the community’s staff to enhance the resident experience and strengthen our presence in the Midwest.”
With the firm’s acquisition of Merrillville, Lloyd Jones continues to further expand its investment and management portfolio by actively pursuing senior-living opportunities across the United States.
About Lloyd Jones LLC
Lloyd Jones is a real estate investment firm with over 40 years of industry experience under the continuous direction of Chairman/CEO, Christopher Finlay. Based in Miami, the firm specializes in senior housing, hospitality, and multifamily investment, development, and management. Investment partners include individual 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