December 18, 2019
ST. PETERSBURG, FL–Aventine Senior Living announced that it has acquired, with Palatine Capital Partners, a new senior living community in Round Rock, TX, named The Rose. The Rose, previously Wyoming Springs, is a 114-bed assisted living and memory care community.
“We are thrilled to expand to Round Rock,” said Beverly Janco, CEO of Aventine. “We look forward to working with the community to provide a high quality, personalized experience to our seniors.”
The Rose welcomes Brian Haddock and Erin Barrett as the Executive Director and Associate Executive Director, respectively. Under the leadership of Haddock and Barrett, Aventine plans to expand the community’s programs, including enrichment activities, dining and care services.
Earlier this month, Aventine Senior Living announced it had acquired, with Palatine Capital Partners, two senior housing communities in San Antonio, TX. The two properties are The William, previously Brookdale San Antonio, a 142-bed assisted living and memory care community; and The Etta at Shavano Park, previously Brookdale at Shavano Park, a 150-bed assisted living and memory care community.
Aventine is now operating seven communities, all of which are located in Florida, Georgia and Texas. Aventine is a senior housing operator founded in 2017 dedicated to excellence in care with a commitment to honoring tradition and family, inspiring greatness in its team, and celebrating culture.
“We are thrilled to continue expanding in Texas,” said Janco. “We believe in the Texas growth story for the foreseeable future, and how that will positively impact senior housing.”
All three acquisitions represent Aventine’s strategy of targeting communities with operational value-add upside in markets that have been impacted by new supply in the short-term while having strong long-term demand dynamics.