Chicago Pacific Founders Acquires 101-Unit Community in Scottsdale, Arizona

SCOTTSDALE, Ariz. — Chicago Pacific Founders (CPF) and its subsidiaries, CPF Living Communities and Grace Management Inc., have acquired The Ranch Estates at Scottsdale, a 101-unit senior living community.

Formerly known as The Manor Village at Scottsdale, Grace Management will take over operations at the property. The community offers independent living and assisted living.

Terms of the deal were not disclosed. The new ownership plans to invest in improvements at the property.