Joint Venture Buys 122-Unit Community in Utah

by Jeff Shaw

NORTH OGDEN, Utah — A partnership between MedCore Partners, Trinity Private Equity Group, TNRG and UMB Bank has acquired The Lodge at North Ogden, located approximately 40 miles north of Salt Lake City.

The community, which opened in June, features 18 independent living, 82 assisted living and 22 memory care units. Watermark Retirement Communities will take over operations.

The Lodge at North Ogden is the fifth and final property in a portfolio acquisition completed by MedCore this year that consists of five properties in the Southwest with a total of 531 units.

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