Cain Brothers Arranges Sale of Three Communities in Texas for Lutheran Social Services of the South

by Jeff Shaw

SPRING, VICTORIA and LUBBOCK, Texas — Cain Brothers has arranged the sale of three Lutheran Social Services of the South (LSSS) senior living facilities for undisclosed prices.

A joint venture of Brookdale and HCP acquired two of the communities: The Village at Gleannloch Farms, a 206-unit continuing care retirement community in Spring, and Copperfield Village, an 86-unit independent living facility in Victoria.

Prime Life Communities acquired the final community, Wedgewood South, a 49-unit assisted living facility in Lubbock.

As a result of the transactions, LSSS was able to retire all of its outstanding debt and retain net proceeds to fund its mission.

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