Stepping away from stand-alone memory care communities, Thrive Senior Living has acquired Savannah Commons, the largest community it operates to date, the organization announced July 10.
The community sits on more than nine acres and includes 34 assisted living suites, 36 memory care suites and 142 independent living apartments.
Purchase of the Savannah, GA, senior living community occurred in early June, Thrive said. The company said it plans to implement design changes, updates and renovations at the community in the coming years after listening to residents and their families as well as employees.
“Since physical transformations aren’t created in a vacuum, we believe in tapping the creative minds of long-term residents and local team members to produce the best ideas,” Thrive President Les Strech said in a statement.
Involved in the transaction were Equus Development Partners, Birmingham Alabama-based Harvest Capital and United Community Bank. Equus also is a development partner for Thrive at Augusta in Martinez, GA, opening soon, and Thrive on Skidaway in Savannah, GA, opening in 2020.
Atlanta-based Thrive operates four other communities in Georgia, according to its website. The company also operates communities in Alabama, Florida, Kentucky, North Carolina, South Carolina, Texas, Virginia, and the Washington, D.C., metropolitan area.
Most Thrive communities offer assisted living and memory care. Some offer independent living as well.
