LTC Properties Opens 48-bed Memory Care Community in Aurora
- Dec 31, 2014
By Eliza Theiss, Associate Editor
Senior housing and health care property REIT LTC Properties has announced the opening of the $9.8 million Chelsea Place, a 48-unit memory care community in Aurora, Colorado. The property is leased to Anthem Memory Care under a 10-year master lease, marking the third collaboration between LTC and Anthem in the greater Denver area.
Chelsea Place features one- and two-bedroom units as well as well as two-bed companion suits. Units range between 308 and 550 square feet. Community amenities include a medical office, full-service beauty salon and barber shop, dining, living, TV and media rooms, seating nooks, landscaped gardens, walking paths and housekeeping services. The memory care community also offers music and pet therapy, as well as Anthem’s It’s Never 2 Late (iN2L) computer system, which allows seniors seamless access to virtual learning, recreation, communication and social media regardless of prior IT experience.
LTC and Anthem’s previous projects include the memory care communities of Highline Place and Willowbrook Place in Littleton, Colorado. The latter opened in late August and features 60 units. A forth joint project, Greenridge Place is set to open in the first quarter of 2015 in Westminster, Colorado, in Denver’s metro area. According to the Denver Business Journal, by the end of 2015’s first quarter Anthem will be housing 300 residents in the greater Denver area.
LTC is also financing Anthem’s expansion into the greater Chicago area. Anthem’s first Illinois project, Harvester Place, will open in Burr Ridge in the fourth quarter of 2015.
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Image credits: LTC Properties