HERNANDO, Fla. and CORALVILLE, Iowa — Chicago Pacific Founders (CPF) has acquired two senior living communities, The Summit of Citrus Hills and The Summit of Coralville.
Located in Hernando, Florida, and Coralville, Iowa, respectively, The Summit of Citrus Hills and The Summit of Coralville feature independent living, assisted living and memory care units.
Previously known as Grand Living at Citrus Hills and Grand Living at Bridgewater, the communities will now be operated by Grace Management Inc., a subsidiary of CPF.
According to CPF, the acquisitions align with the company’s strategy of investing in senior living communities with strong market fundamentals and long-term growth potential.
CPF will own the properties through CPF Living Communities, its subsidiary launched in 2014.