VENICE, Fla. — Convivial Life Inc. has acquired Jacaranda Trace, a seniors housing community featuring 240 independent living and 55 assisted living/memory care units in Venice.
The seller was Venice Florida Senior Holdings LLC. The price was not disclosed.
As part of the acquisition, Convivial also purchased an 85,000-square-foot clubhouse featuring a fitness center; heated outdoor pool and hot tub; on-site doctor’s clinic; multiple dining venues; billiards and activity rooms; woodworking shop; and library.
Convivial is already working on expansion plans at the 33-acre community.
LifeStar Living arranged the transaction for Convivial. LifeStar specializes in providing management, marketing and development services for senior living communities. Since inception in July 2020, LifeStar has launched a private brand of active adult membership communities, known as The Manhattan, with a $138 million flagship project currently under construction in St. Petersburg.