Pegasus to Operate Four Omega Communities in Southeast

LADY LAKE, Fla., and MCDONOUGH, Ga. — Pegasus Senior Living has partnered with Omega Communities of Birmingham, Alabama, to manage two new senior living communities under development in the Southeast.

The two properties are named Living Waters, located in the Orlando suburb of Lady Lake, and Lake Vista at Eagle’s Landing, located in the Atlanta suburb of McDonough. Each community offers approximately 160 units of independent living, assisted living and memory care.

Pegasus will also assume management responsibilities for The Fountains of Hope in Sarasota, Florida, and The Springs at South Biscayne in North Port, Florida, in conjunction with Omega Communities. The Springs at South Biscayne is a 133-unit assisted living and memory care community in southern Sarasota County. The Fountains of Hope is a 106-unit assisted living and memory care community located at the center of the expansion of Lakewood Ranch and its new town center, Waterside in Sarasota.

Pegasus formed with a splash last year, launching with a 36-community, 10-state RIDEA joint venture with REIT giant Welltower.