Brentmoor Retirement Community, an Olivette 90-bed independent living and assisted-living facility, has been sold by the Indianapolis-based Strategic Partners Value Enhancement Fund to Titan SenQuest Senior Living.
Titan SenQuest is a wholly-owned subsidiary of the Titan Real Estate Investment Group. Titan bought Brentmoor on April 16, for $13.25m.
In the mid-1990s, a multifamily property was converted to a senior living facility. The Brentmoor's amenities include a library, barbershop, exercise room, beauty salon, computer lab, and lounge. The president of Titan SenQuest, Doug Allen, said that the company's vision for the Brentmoor is to offer greater life enrichments to the facility's residents, and at the same time, offer families important resources. In addition, Allen sees the purchase as an opportunity to advocate for housing in the St. Louis area.
Titan Real Estate Investment Group is based in Los Angeles, and is a private investment firm. Titan and its affiliated companies own and operate a number of concerns nationwide, including commercial, multifamily residential, industrial, cold and refrigerated storage facilities, and senior housing. Titan has a portfolio valued at over $2bn.
The sale might come as a surprise to residents and their families, so Titan could consider working with brochure printers to create a booklet that explains their plans for the Brentmoor, highlighting the improvements they plan to make, and the way in which residents' lives will be improved by the acquisition.
