Lifespace Communities is pleased to welcome Newcastle Place to our family of continuing care retirement communities (CCRCs).
The acquisition of Newcastle Place, located in Mequon, a suburb of Milwaukee on Lake Michigan’s western shore, brings the family of continuing care communities to 16. Newcastle Place, with 257 residences on 52 acres, joins six other Lifespace communities in the Midwest.
Lifespace and Newcastle Place share compatibility across many areas, including commitment to service, quality, and diversity, complementary resident mix and an excellent resident and team member experience and culture.
“We believe Newcastle is a great fit for Lifespace as we share similar values and organizational cultures,” said Lifespace President and CEO Jesse Jantzen. “As a not-for-profit organization dedicated to providing extraordinary care and service, we are furthering our passion and commitment of celebrating the lives of seniors by welcoming a very strong community into the Lifespace family.”
Given Lifespace’s strong reputation as a leading operator of CCRCs backed with a healthy balance sheet, the company is receiving interest from other entities that are interested in becoming a part of the Lifespace family of communities. “The energy in our strategic pipeline is palpable which I view as an affirmation of the dedicated Lifespace team members that serve and support our residents, and each other, every day of the year.” Jantzen further added, “Only after considerable due diligence and analysis, of which culture is a critical component, do we proceed down a path towards coming together.”