CHICAGO, July 15 — Health Wave Partners today announced the acquisition of Alamar Senior Living, a 134-unit Class A assisted living and memory care community in Wellington, Florida. The acquisition represents another milestone in the firm’s growth strategy, further expanding its presence in high-quality senior housing markets.
Managed by AgeWell, the community offers premium amenities, including chef-prepared dining, a fitness center, movie theater, beauty salon, dog park, and a secure memory care courtyard, along with AgeWell’s proprietary Floreo cognitive engagement program. Alamar also recently completed a significant improvement program, with renovations to resident units, common areas, furnishings, and outdoor amenities.
“Alamar is an exceptional community in one of South Florida’s most attractive senior housing markets and exemplifies the type of high-quality assets we seek to acquire alongside best-in-class operating partners,” said Philip Kayden, Chief Investment Officer of Health Wave Partners. “We are excited to welcome AgeWell as a new operating partner and look forward to building on the strong momentum their team has already created. We believe the combination of a premier asset, a highly experienced operator, and favorable demographic trends positions the community for continued long-term success.”
“Alamar Senior Living has built an outstanding reputation for exceptional resident experiences, dedicated team members, and operational excellence. We are honored to continue serving as the management company under Health Wave Partners’ ownership and look forward to this next chapter for the community. Together, we will continue building on Alamar’s strong foundation while delivering the exceptional service and care residents, families, and team members have come to expect,” said David Mills, President & COO, AgeWell Senior Living.