Partnership Breaks Ground on $16M Kentucky Community

by Jeff Shaw

LEXINGTON, Ky. — Columbus, Ohio-based Continental Real Estate Companies and Carmel, Ind.-based Leo Brown Group have begun construction on a new senior living community in Lexington called Highgrove at Tates Creek.

The community will consist of 90 assisted living units, 30 of which will be dedicated to memory care.

Development costs for the community are approximately $16 million. Leo Brown Group’s management company affiliate, Traditions Management, will run the day-to-day operations once construction is complete. Traditions manages a portfolio of communities in Kentucky, Indiana, and Ohio totaling 780 units.

The partnership expects Highgrove at Tates Creek to accept its first residents in spring of 2016.

This is the second community developed by Continental and Leo Brown Group — in 2014 the partnership broke ground on a 94-unit site in Granville, Ohio, which will open later this summer.

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