BELLEVUE, Wash. – January 10, 2017 – This week, Transforming Age announced the recent purchase of eight rental retirement communities in the Minneapolis, Minnesota area. The acquisition marks the first time the Bellevue, Washington-based not-for-profit has added communities outside of the state to its portfolio in its 60-year history of serving older adults.
The eight communities include Heathers Estates, Heathers Manor, Meridian Manor, The Rivers, The Timbers, Tradition, Waterford Estates, and Waterford Manor. This group of communities is well-rooted in the Minneapolis area, with the oldest having opened its doors in 1969 and the newest built in 2008. They range in size from 84 to 181 apartments and, depending on community, provide independent living, assisted living and memory care services. With this acquisition, Transforming Age now serves nearly 2,000 residents across 11 communities in Washington state and Minnesota.
“We are excited to welcome the Minnesota communities to the Transforming Age family,” said Torsten Hirche, President and CEO of Transforming Age. “We are impressed with their outstanding reputation, great history, and professional and caring team; all of which played a key role in the decision to expand into the Minnesota market.”
This acquisition expands Transforming Age’s footprint and enhances the organization’s mission by providing affordable housing options for older adults. In addition, the Transforming Age Foundation will provide opportunities to enrich programs for residents and team members in the communities.
Hirche added, “We look forward to collaborating with local cities, communities and organizations to continue to provide quality affordable housing options, improve the lives of older adults and transform the perception age.”