AABP EP Awards 728x90

LCS acquires New Jersey retirement community

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Des Moines-based LCS has acquired Arbor Glen, a life plan community, formerly referred to as a continuing care retirement community, in Bridgewater, N.J., according to a release. At the time of closing, the community’s name changed from Arbor Glen to Laurel Circle. LCS Real Estate facilitated the transaction and Life Care Services will provide management services; both are LCS companies. LCS will invest $8 million for capital improvements, but full financial details were not disclosed. The community sits on 23 acres and has 299 total units consisting of 183 independent living apartments, 19 independent living villas, 23 assisted living units, 10 memory care units, and 64 beds of skilled nursing. LCS Real Estate has executed on acquisition and development transactions in excess of $800 million since 2016, and currently has an ownership stake in 37 senior housing communities nationwide, including 13 Life Plan Communities.