WINTER PARK, Fla. — Holiday Retirement, the largest owner-operator of independent living properties in the United States, plans to move its headquarters from Lake Oswego, Ore., to the Orlando suburb of Winter Park, according to The Oregonian.
The company expects to open its Florida office by the end of the summer, and close the Oregon office by the end of the year. The move affects approximately 200 jobs, though it was not clear how many employees would make the move along with the company.
In February, Japanese tech conglomerate SoftBank Group Corp. agreed to buy Holiday’s parent company, New York-based private equity firm Fortress Investment Group, for $3.3 billion. However, that deal has not yet closed, and Holiday representatives told The Oregonian that the sale was unrelated to this move.
The company moved its headquarters several times throughout its 46-year history, though previously always stayed within the Pacific Northwest.
Holiday focuses exclusively on independent living and operates a portfolio of 308 properties totaling 37,659 units, according to the American Seniors Housing Association’s numbers as of June 1, 2016.