CA Ventures Sells Missouri Senior Housing Portfolio

Totaling 252 units, the properties are spread across the St. Louis and Kansas City MSAs.

A joint venture between Artemis Real Estate Partners, Scarp Ridge Capital Partners and Arrow Senior Living has purchased three senior housing communities located in Wildwood, Mo., Town and Country, Mo., and Burlington Creek, Mo. CA Ventures was the seller, according to public records.

JLL Capital Markets brokered the transaction, representing the seller and procuring the buyer spearheaded by Scarp Ridge and capitalized by Artemis. Senior Managing Directors Jay Wagner and Rick Swartz, along with Director Jim Dooley led JLL’s Investment Sales and Advisory team.

The portfolio comprises three properties—Burlington Creek Senior Living, The Plaza Senior Living at Wildwood and The Town & Country Senior Living—totaling 252 assisted living and memory care units. Arrow Senior Living will take over the operations of the Class A communities.

Common-area amenities across the portfolio include restaurant-style dining rooms, outdoor courtyards, fitness and rehab spaces, theatres and beauty salons. All three communities feature transportation services, personal care, concierge services, housekeeping services, entertainment and a 24-hour bistro.

A closer look at the portfolio

Burlington Creek Senior Living comprises 85 independent living, assisted living and memory care units. Located at 6311 N. Cosby Ave. in Burlington Creek, the community is near Interstate 29, which provides direct access to downtown Kansas City.

Totaling 81 units, The Plaza Senior Living at Wildwood is located at 251 Plaza Drive, placing it 25 miles from downtown St. Louis. The community is adjacent to the Wildwood Nature Preserve and the Enchanted Forest Trail.

Located at 1020 Woods Mill Road, The Town & Country Senior Living’s proximity to Interstate 64 allows easy access across the St. Louis metropolitan area. The 86-unit property is within walking distance of several dining options and retail centers such as Clayton Village Shopping Center.

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