LINCOLN, Neb. — Real estate investment firm Lloyd Jones has acquired Woodlands at Hillcrest, an 89-unit, 107-bed seniors housing community in Lincoln. The seller and price were not disclosed.
Built in 2018, the community is located within 10 miles of four hospitals, six shopping centers, two malls and the Lincoln Airport.
Lloyd Jones Senior Living, the firm’s senior housing management division, will operate the community under its new name, AVIVA Woodlands. AVIVA is Lloyd Jones’ collection of senior living assets consisting of new, ground-up developments and recently constructed communities.
While the Nebraska acquisition may represent a new geographical territory for Lloyd Jones, the firm is not new to seniors housing; its founder and chairman, Chris Finlay, has been in the industry for more than 30 years.
The assisted living and memory care community is the latest in the buyer’s growing portfolio of seniors housing and multifamily assets. The firm expects to close on several additional seniors housing acquisitions within the next few weeks.