Sagora Senior Residing on Friday introduced the acquisition of 14 new senior dwelling properties in Texas, persevering with the corporate’s progress effort.
The most recent additions put Fort Price, Texas-based Sagora at 95 communities because the operator continues to develop within the Lone Star State.
“Anytime we are able to develop in Texas, we’re going to develop there,” McCaleb instructed Senior Housing Information earlier this yr. “It’s huge, and in order that’s the chance.”
The brand new communities are primarily situated close to the metropolitan areas of Dallas-Fort Price, San Antonio and Tyler, Texas, increasing Sagora’s Lynridge assisted dwelling and reminiscence care luxurious model.
Sagora stated it introduced on the 14 communities as a result of they replicate the “heat, hospitality and robust group ties” that the corporate takes on care.
“Whether or not it’s a rising metropolis or a close-knit city, we wish seniors to have a safe, welcoming place to name house—proper within the coronary heart of Texas,” McCaleb stated in a information launch.
Sagora spent a lot of 2024 integrating new communities into its portfolio following 30% progress bringing on 17 communities in its Asher Level unbiased dwelling model within the Southeast and Midwest.
Within the final 12 months, Sagora can also be taking purpose at enhancing staffing, unveiling a brand new onboarding course of and putting emphasis on constructing regional groups to construct tradition at latest acquisitions. In 2024, the group additionally deepened its ties with Welltower (NYSE: WELL), taking up communities into its managed portfolio on behalf of the Toledo, Ohio-based actual property funding belief (REIT).
Following the flurry of acquisitions, Sagora has centered on making focused enhancements as vital in new communities, updating widespread areas and personal room upgrades, McCaleb beforehand instructed SHN.
“We’re caring for folks’s lives and we’re main folks as an employer and we’ve acquired to maintain folks nicely and if we do this, we can have alternatives for progress,” McCaleb instructed SHN. “I don’t know the way huge we’ll be, however our dedication is that we’ve acquired to have the ability to carry out on the degree of look after our residents and caring of our crew and doorways will open for us.”
Earlier this yr, McCaleb characterised 2025 as “the following step or two” since “stair-stepping upwards” because the disruption induced in 2020.
“We need to be the place we’re and we’re not trying to be in 25 states,” McCaleb stated. “The place we’re, from Texas and Nebraska and throughout and all the way down to Florida, all the things there matches us very well.”
