Mansfield, MA – The Mansfield senior living community, the Village at Willow Crossings, was recently part of a new multi-million dollar partnership with one of the country’s largest senior housing investors.
The Village at Willow Crossings is one of 34 senior housing communities throughout New England managed by Benchmark Senior Living that are part of the new partnership with Ohio-based Health Care REIT.
The $890 million investment by Health Care REIT is the largest of its type in New England to date.
“This partnership gives us the financial strength to keep expanding and adding to our unique services for seniors, like our first-in-the-nation Benchmark Connections program to help residents get online in an easy and social way with senior-friendly computers and personal training and support,” said Tom Grape, Benchmark’s chairman and CEO.
Benchmark is New England’s largest senior living operator, with 22 facilities in Massachusetts. Under the terms of the deal, Health Care REIT and Benchmark will own properties and Benchmark will continue to operate the properties under a management contract.
“This is a wonderful development for Benchmark, and for our residents and communities throughout New England,” continued Grape.
As part of this investment, Benchmark will continue to manage the Village at Willow Crossings and the rest of these communities as part of the partnership. There will be no change in the day-to-day operations for Benchmark residents, or associates.
“Benchmark is committed to improving the experience of senior living, as well as continuing to be one of the best places to work in the industry,” said George L. Chapman, Chairman, Chief Executive Officer and President of Health Care REIT.
The Village at Willow Crossings in Mansfield, and a number of other Benchmark communities, offer independent and traditional assisted living choices, as well as specialized care for residents that are memory impaired. They also offer short-term respite stay programs for seniors who need time to recover after a rehab stay or hospitalization.
Health Care REIT, an S&P 500 company, is a real estate investment trust focusing on senior housing and healthcare real estate. It has assets of more than $7.5 billion.