Acquisition expands Kisco’s footprint in southern California
Carlsbad, Calif., December 17, 2020 – Kisco Senior Living, a senior living and lifestyle management company, today announced it has signed a definitive agreement to acquire Atria Park of Woodbridge, an assisted living and memory care community located in Irvine, California, formerly owned by Healthpeak and operated by Atria Senior Living. Additionally, the community will be renamed Woodbridge Terrace of Irvine after a resident poll was conducted to select a new name. The closing date was December 16. Terms of the sale are not being disclosed.
“Woodbridge Terrace of Irvine is a beautiful community in a fantastic location,” said Andy Kohlberg, CEO of Kisco Senior Living. “We have a large presence throughout California, and we saw this as an opportunity to expand our footprint in southern California. We are committed to retaining staff at the community and working with Healthpeak and Atria Senior Living to make this transition as seamless as possible. We have already engaged residents in selecting the new name of the community. We are dedicated to serving our new residents and committed to providing the exceptional care and an enriched lifestyle they deserve.”
Woodbridge Terrace of Irvine is a 103,000 square-foot community that features 139 apartments. The community recently completed a $9 million renovation project, which entailed the conversion of existing assisted living apartments to create a memory care neighborhood that features dedicated dining and activity areas as well as an outdoor courtyard. The executive director will remain in place at the community, and Kisco Senior Living will be hiring two new sales directors to help increase occupancy.
“We are excited to bring Kisco’s principles, values and beliefs to Woodbridge Terrace of Irvine,” said Kohlberg. “Our team is committed to our Kisco Confidence philosophy, centered on giving residents and associates peace of mind knowing that we provide the safest place to live and work, deliver five-star service, and treat everyone with integrity, dignity and compassion.”
Kisco Senior Living owns and operates 20 additional communities located in California, North Carolina, Florida, Virginia, and Utah.