BLOOMFIELD HILLS – American House Senior Living Communities today announced the acquisition of the Oak Crest Communities portfolio of campuses, which include independent living, licensed assisted living, and licensed memory care services in West Michigan. Terms of the sale were not disclosed.
The four sites are located in Holland, Spring Lake, Jenison, and Kentwood, and include more than of 530 units. The campuses will be branded as American House communities once the transition is complete.
“The growth strategy of American House will take us throughout the Midwest, and recently into Florida with new developments in Bonita Springs, Estero, and Fort Myers,” says Dale Watchowski, president and CEO, of American House Senior Living Communities and REDICO, a national real estate development and investment company. “However, we want to continue growing in Michigan, our home market.”
Additionally, Watchowski says the company’s strategy to grow beyond southeast Michigan, includes the recent acquisitions in Charlevoix and Petoskey, in Northern Michigan, and earlier this year the acquisition of a senior community in Grand Rapids, Michigan.”
American House Holland features 162 independent living, assisted living and memory care apartments over a total of seven buildings. American House Spring Lake includes 118 independent, assisted living and memory care apartments throughout seven buildings. American House Jenison is comprised of nine buildings which include 192 independent living, assisted living and memory care apartments. Finally, American House Kentwood features 60 assisted living and memory care apartments in two buildings. The four campuses total approximately 450,000 gross square-feet.