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WICHITA and OVERLAND PARK, Kan. — Anthem Memory Care has acquired Morningside Place in Overland Park and Chisholm Place in Wichita, both 66-bed memory care communities, for an undisclosed price.
JEA Senior Living previously operated the properties, which were both rebranded as Cypress Springs Alzheimer’s and Memory Support Residences. They bring Anthem’s portfolio up to eight properties, and mark the Oregon-based operator’s entry into Kansas.
LTC Properties Inc. (NYSE: LTC), a healthcare REIT, financed the acquisitions. Anthem plans to invest $1 million in upgrades to the communities.