Arcadia Communities acquires The Trace Senior Living Community in Covington, Louisiana

Posted June 17, 2011

Louisville, Ky., June 1, 2011 — Arcadia Communities, an operator of senior living communities headquartered in Louisville, Kentucky announced today that is has acquired The Trace Senior Living Community in Covington Louisiana.  The company plans to operate the 77 apartment community as The Trace and the staff and management will remain in place.  The exclusive 3-story residence for active seniors seeking Independent Living, Assisted Living, and Memory Care services offers residents the opportunity to enjoy a carefree lifestyle in a community that offers quality service and care, spacious customized apartments, and tremendous amenities.

 The community was built in 2009 and has successfully stabilized with full occupancy at the time of acquisition.

“We are very excited with the addition of the Trace to our company.  From the first time we visited Covington we fell in love with its charm, character, architecture, and history.  We are also very pleased that the Trace’ team will remain in place and continue to provide our residents the outstanding service they have come to expect.  The Trace is the premier assisted living community in the area and we look forward to continuing to build upon the success they have achieved” said Brian Durbin, President of Arcadia Communities.  “The Trace will continue to redefine senior living in the Northshore area and beyond.  Our tremendous location and beautiful interior and exterior design, coupled with our experience in providing outstanding service will continue to give seniors a truly phenomenal lifestyle choice.”

Arcadia Communities, a Louisville, Ky.-based company currently operates Independent and Assisted Living Communities in Michigan and Cincinnati with additional communities under development.  The mission of Arcadia Communities is to respect and honor our elders by building communities dedicated to supporting their individual needs, promoting independence and enriching lives.  We encourage a continuing connection to families, friends, and communities.  Our management team has nearly 40 years of experience at developing and operating Senior Living Communities across the country.

Additional information is available by contacting Brian Durbin, President at 502-357-7030.

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