April 6, 2019
Ascend Partners LLC acquired Lakeside Assisted Living, an assisted living facility on San Antonio’s far west side. The North Texas buyer will rebrand its new acquisition Grandview of Westover Hills.
The facility was part of Sabra Health Care REIT Inc.’s sale of a 28-senior-care-property portfolio that had been operated by Senior Care Centers. Senior Care Centers filed for bankruptcy in late 2018.
Located at 8627 Lakeside Pkwy., the six-year-old facility has 42 assisted living and 18 memory care apartments. Services include chef-prepared meals, concierge services, library/business center, activity room, theater, family room, a full-service salon and a fitness center.
Ascend Partners is planning a large capital investment in the rebranded Grandview of Westover Hills. Trilogy Senior Living will oversee management and operations. The buyer, which opened shop in fall 2018, is a real estate development and acquisitions company that focuses on senior housing and hospitality properties.
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