{"id":1004054854,"date":"2012-12-07T13:48:39","date_gmt":"2012-12-07T21:48:39","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=86085"},"modified":"2020-04-23T02:03:20","modified_gmt":"2020-04-23T10:03:20","slug":"lcs-enters-into-jv-with-nine-senior-living-communities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lcs-enters-into-jv-with-nine-senior-living-communities\/","title":{"rendered":"LCS Enters into JV with Nine Senior Living Communities"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

Des Moines, Iowa-based LCS has entered into a joint venture with Chicago-based real estate investment firm Harrison Street Real Estate Capital that has acquired an equity position in nine senior living communities in Greater Minneapolis. \"\"<\/a><\/p>\n

The market-rate rental communities feature a total of 1,116 residential units. Through CRSA, an LCS company, LCS will provide a wide range of management and marketing services to the communities. Out of the nine communities, seven offer assisted living care and one provides memory care services.<\/p>\n

\u201cLCS and CRSA are pleased to have the opportunity to offer our hospitality, management and marketing expertise to this impressive collection of senior residences,\u201d says Steve Nornes, director of operations management for CRSA. \u201cEach community will receive customized support based upon our 41-year experience in the management and development of senior living communities.\u201d<\/p>\n

The nine communities on which LCS and Harrison Street have partnered include Earle Brown Terrace\u2013Brooklyn Center; Heathers Estates\u2013Crystal; Heathers Manor\u2013Crystal; Meridian Manor\u2013Wayzata; The Rivers\u2013Burnsville; The Timbers\u2013Apple Valley; Tradition\u2013Brooklyn Park; Waterford Estates\u2013Brooklyn Park; and Waterford Manor\u2013Brooklyn Park.<\/p>\n

Founded in 1971, LCS has had a presence in the Twin Cities area since 1978. Currently the company is developing Trillium Woods, a continuing-care retirement community in Plymouth, Minn. The new developments will be managed by Life Care Services, an LCS company that specializes in the management and marketing of CCRCs. Overall, LCS companies currently provide services to more than 30,000 residents in 31 states and the District of Columbia.<\/p>\n

For more market data on Minneapolis, please click here<\/strong><\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Gabriel Circiog, Associate Editor
\nDes Moines, Iowa-based LCS has entered into a joint venture with Chicago-based real estate investment firm Harrison Street Real Estate Capital that has acquired an equity position in nine senior living communities in Greater Minneapolis.
\nThe […]<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36076,21742],"tags":[],"class_list":["post-1004054854","post","type-post","status-publish","format-standard","hentry","category-minneapolis-st-paul","category-latest"],"acf":[],"yoast_head":"\nLCS Enters into JV with Nine Senior Living Communities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lcs-enters-into-jv-with-nine-senior-living-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LCS Enters into JV with Nine Senior Living Communities\" \/>\n<meta property=\"og:description\" content=\"By Gabriel Circiog, Associate Editor Des Moines, Iowa-based LCS has entered into a joint venture with Chicago-based real estate investment firm Harrison Street Real Estate Capital that has acquired an equity position in nine senior living communities in Greater Minneapolis. 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