By Anca Gagiuc, Associate Editor
The LaSalle Group, a leader of the seniors industry with more than 10 years of experience in the field, in partnership with MedProperties Investment Partners L.P. and Frost Bank, recently announced plans to build the firm’s first memory-care community in San Antonio. Called Autumn Leaves of Stone Oak, it will be located at 20272 Stone Oak Pkwy. and is expected to open in the spring of 2014.
“The LaSalle Group has a unique approach to memory care, and we see the value the company brings to communities across the country,” Darryl Freling, the managing principal of MedProperties, a private equity fund with a specialized investment strategy in healthcare real estate, said in a statement to the press. “We are thrilled to partner with The LaSalle Group, and we hope to help make a difference in the lives of families in the area.”
The project’s cost is estimated at $10.7 million. It will deliver a 30,000-square-foot innovating memory-care community designed for 50 residents with Alzheimer’s, dementia and other forms of memory impairment. Autumn Leaves communities already exist or are under construction in Houston, Dallas/Fort Worth, Chicago, Tulsa, Edmond and Atlanta.
Autumn Leaves of Stone Oak is specially conceived to allow residents access to the entire building and the outdoor areas. The on-site staff will receive extensive training specific to the mentioned afflictions.
“We have a tremendous level of expertise when it comes to memory care,” said the president of The LaSalle Group, Mitchell Warren. “We want to provide families with peace of mind, and give them a place where they know their loved ones feel at home.” Autumn Leaves of Stone Oak will also offer cost-free programs such as seminars, support groups, memory testing and respite care.
Photo credits: www.facebook.com/pages/Autumn-Leaves-Memory-Care