In February, The Heritage at Brentwood, a community managed by Life Care Services™, an LCS® Company, announced Middle Tennessee-based investment group, Heritage Investment Partners has purchased a 70 percent majority stake in the senior living community from Westminster Capital, an Illinois-based company. The corresponding debt in the transaction was financed through a loan from the senior living community’s new local banking partner, Pinnacle Financial Partners.
Life Care Services will continue to manage The Heritage at Brentwood, and the change in ownership will not affect the community’s residents, employees, operations or upcoming developments. The Heritage at Brentwood’s planned expansion includes the Redbud building with 97 new apartments; the 11,000 square-foot HealthyLife™ Center featuring a pool, fitness room and juice bar; a 350-person auditorium; an assisted living building; dining room renovations; and expanded maintenance facilities.