Spartanburg Assisted Living Facility to be Sold


invernessA Spartanburg-based assisted living community is changing hands in a $10 million acquisition.

LTC Properties Inc., of California, announced this week that it’s entered into a real estate joint-venture relationship with an affiliate of Affinity Living Group to acquire The Inverness at Spartanburg, an 87-unit assisted living and memory care community, according to a statement from LTC.

The community will be operated by an affiliate of Hickory, N.C.-based Affinity Living Group under a triple-net lease.

Affinity, which operates 92 assisted living, memory care and independent living facilities in eight states, is a new operating partner for LTC, the statement said.


Categories : Spartanburg

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