Phoenix Seniors Housing Company & Multifamily Owner-Operator Join Forces
- Sep 11, 2014
Phoenix—IPA, a luxury multifamily communities operator in Michigan and Arizona, and Retirement Community Specialists Inc. (RCS), a luxury seniors housing communities operator in Arizona, announced they have joined together under the same umbrella company, IPA LLC.
RCS and IPA now operate together under the direction of a combined executive team and Board of Directors, including the four partners of IPA and Eric Johnston, the founder and owner of RCS. Both organizations will continue to operate in the marketplace under their respective names, leveraging the brands both companies have successfully built over the years.
The transaction, effective Sept. 1, 2014, created a multidimensional development and management company, differentiated by its ability to deliver quality lifestyles for students, professionals, families and seniors.
IPA and RCS came together in 2012 to develop Generations at Agritopia, the flagship community of the company’s “Generations” senior living brand.
In addition to the ability to build an owner-operated platform that incorporates innovative services and industry technology, the combination represents the opportunity to deliver enhanced services and benefits to residents and employees.