James S. Smith, Managing Principal
MCKINNEY, TX - September 17, 2014 - Kensington Realty Advisors, a private investment firm based in Chicago, and SEDCO Capital have acquired Orchard Park of McKinney. Orchard Park is a 97-unit assisted living and memory care facility located in the rapidly growing community of McKinney, Texas, 30 miles north of downtown Dallas. The property was constructed in 2011. It is situated on 6.7 acres and consists of a two-story assisted living building and a one-story memory care facility.
The community is located close to a major hospital and features spacious units in highly-amenitized buildings. "We are pleased to acquire such a well located and high quality community," said James Smith, Managing Principal of Kensington. "Orchard Park has everything we look for in high quality communities designed to meet the residential needs of seniors." In conjunction, with the acquisition, Kensington has retained the Senior Lifestyle Corporation, a major senior housing services provider to take over the operations of the community. Smith said, "We are confident Senior Lifestyle will provide excellent service for all the residents."
Kensington has continuously invested in senior housing properties for the past 15 years. Targeted assets include independent living, assisted living and memory care facilities.
More information is available at www.seniorlifestyle.com/property/orchard-park/#about/
About Kensington Realty Advisors
Kensington Realty Advisors, Inc. is a Registered Investment Advisor providing investment management and advisory services. Acting strictly as a fiduciary, its primary clientele includes institutional, tax-exempt, off-shore and high net worth investors. KRA is composed of a team of highly experienced real estate professionals with extensive backgrounds in real estate investment and asset management.
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