LINCOLN, Neb., and DES MOINES, Iowa — Immanuel Communities has acquired two continuing care retirement community (CCRC) campuses in Lincoln and Des Moines.
Lifespace Communities, also a nonprofit owner-operator, was the seller. Terms of the transaction were not disclosed.
Deerfield and Grand Lodge at the Preserve will join Immanuel’s portfolio in third-quarter 2021. The campuses comprise 349 apartments with a mix of independent living, assisted living, memory care, residential care, and skilled-nursing and long-term care.
The acquisitions are part of Immanuel’s plans to expand its Midwest presence.