{"id":1004115027,"date":"2015-03-06T15:39:03","date_gmt":"2015-03-06T23:39:03","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=330882"},"modified":"2022-12-08T13:02:02","modified_gmt":"2022-12-08T21:02:02","slug":"ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\/","title":{"rendered":"LTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem"},"content":{"rendered":"

By Ioana Neamt, Associate Editor<\/em><\/p>\n

\"\"<\/a><\/p>\n

Willowbrook Place<\/p>\n<\/div>\n

Senior housing and healthcare property REIT LTC Properties Inc. has announced the completion and opening of Greenridge Place, a 60-unit memory care community in Westminster, Colo.<\/p>\n

The California-based company’s approximately $10.7 million project is the fourth developed in collaboration with Oregon-based Anthem Memory Care. This project follows the development by the partners of Highline Place and Willowbrook Place in Littleton, and Chelsea Place in Aurora<\/a>.<\/p>\n

Located at 7700 W. 101st<\/sup> Ave. in Westminster, Greenridge Place is currently leased by an Anthem affiliate under a 10-year master lease at an initial cash yield of 9.25 percent, according to a news release. LTC is also financing Anthem\u2019s expansion in Southern California and the greater Chicago area. Harvester Place, located in Burr Ridge, Ill., is slated for completion in the fourth quarter of 2015.<\/p>\n

\u201cThe opening of this new community furthers our strategy of investing in private-pay memory care in major metropolitan areas,\u201d said Wendy Simpson, LTC\u2019s chairman and CEO. \u201cOur strong balance sheet affords us the flexibility to take advantage of what we consider to be better risk-adjusted returns through development in today\u2019s unprecedented low cap rate environment.\u201d<\/p>\n

Greenridge Place offers residents apartment suites featuring private rooms with either a shared or private bathroom, fully dedicated clinician office, full-service beauty salon and barber shop, housekeeping and laundry service, and state-of-the-art safety monitoring system in each suite. Additionally, the community offers services such as onsite physical and cognitive therapy, recreational programs, therapeutic activities and the It\u2019s Never 2 Late computer-based learning, entertainment and therapy system.<\/p>\n

Image courtesy of LTC Properties, Inc.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

California-based senior housing and healthcare property REIT LTC Properties, Inc. has announced the completion and opening of Greenridge Place, a 60-unit memory care community in Westminster, Colo.<\/p>\n","protected":false},"author":192,"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":[1587,21742],"tags":[],"class_list":["post-1004115027","post","type-post","status-publish","format-standard","hentry","category-denver","category-latest"],"acf":[],"yoast_head":"\nLTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem - 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\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem\" \/>\n<meta property=\"og:description\" content=\"California-based senior housing and healthcare property REIT LTC Properties, Inc. has announced the completion and opening of Greenridge Place, a 60-unit memory care community in Westminster, Colo.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-06T23:39:03+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:02:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/03\/Willowbrook-Place1.jpg\" \/>\n<meta name=\"author\" content=\"Ioana Neamt\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/\"},\"author\":{\"name\":\"Ioana Neamt\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/993af2799cdaf5162633d320cf63ff16\"},\"headline\":\"LTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem\",\"datePublished\":\"2015-03-06T23:39:03+00:00\",\"dateModified\":\"2022-12-08T21:02:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/\"},\"wordCount\":276,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/03\\\/Willowbrook-Place1.jpg\",\"articleSection\":[\"Denver\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ltc-properties-develops-10-7m-memory-care-community-in-partnership-with-anthem\\\/\",\"name\":\"LTC Properties Develops $10.7M Memory Care Community in Partnership with Anthem - 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