FORT WORTH, Texas — Nonprofit senior living provider Buckner Retirement Services has acquired The Stayton at Museum Way, a seniors housing community in Fort Worth.
The Stayton at Museum Way is an 11-story continuing care retirement community featuring 188 independent living units, 42 assisted living units, 20 memory care units and 46 skilled nursing units.
The seller, Lifespace Communities, acquired The Stayton in 2019 and has operated it since. The price was not disclosed.
The Stayton will be the seventh senior living community owned and operated by Buckner in Texas, including Ventana by Buckner in Dallas.
The anticipated closing date for the purchase is June 2024 but may occur as soon as late April, according to the buyer. The transaction provides for the full assumption by Buckner of all resident agreements and entrance-fee refund obligations, and a significant reduction in The Stayton’s bond indebtedness.