MedCore Partners and TNRG have completed the acquisition of a 189-unit senior living community called Parkview on Hollybrook in Longview, Texas. The senior living campus offers 126 independent living, 41 assisted living, and 22 memory care residences. The group also intends to develop land adjacent to the existing campus to add independent living cottages by early 2021.
“This acquisition is highly complementary to MedCore’s existing portfolio,” said Michael Graham of the transaction. “We look forward to building on the strong lease-up momentum at Parkview and seeing this project through to stabilization. It is an honor to serve the Longview community in such a meaningful way.”
The community will be managed by Integral Senior Living (ISL) of Carlsbad, California. ISL also manages another MedCore/TNRG asset in Cypress, Texas and will manage three others under development or construction for the group.