LONGVIEW, Texas — MedCore Partners and The National Realty Group (TNRG) have acquired Parkview on Hollybrook, a 189-unit senior living community in Longview, approximately 60 miles west of Shreveport, Louisiana.
The campus offers 126 independent living, 41 assisted living and 22 memory care residences. The buyers intend to develop land adjacent to the existing campus to add independent living cottages by early 2021.
Integral Senior Living (ISL) will manage the community. JLL marketed the property on behalf of the seller, an Austin-based private equity group. The price was not disclosed.
ISL also manages another MedCore/TNRG asset in Cypress, and will manage three others under development or construction for the group. MedCore and TNRG currently operate six senior living communities in Texas, Arizona and Utah. In addition, the development team expects to start on the construction of three new senior living development projects in the next 60 days as well as acquire a seven-community portfolio in April.