
Life Plan Community
(fka Continuing Care Retirement Community)
Stonington, Connecticut
Acquired by ROC Seniors Housing
On March 9th, StoneRidge LPC was acquired by ROC Seniors Housing, an experienced senior living investment private equity manager, in joint-venture partnership with Life Care Services LLC. StoneRidge is a 270 Independent Living Unit entrance fee Life Plan Community (LPC) located on 28 acres in Stonington/Mystic, successfully developed in three phases. StoneRidge represents another successful investment sold by a joint-venture partnership among Westminster Fund III LP (46.75%), Westminster Fund IV LP (38.25%) and Life Care Services LLC (15%).
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About Westminster Capital
Westminster Capital manages real estate investment strategies on behalf of private wealth capital. Private client work includes leadership of closed-end investment fund and separate account portfolios totaling approximately $700 million of investor capital. Westminster Capital makes commercial property investments throughout the United States across Industrial/Distribution, Apartments, Medical Office and Senior Living properties offering Value-Add to Opportunistic risk reward returns. Such work includes rebuilding income streams of existing properties, or manufacturing them with new construction, by careful investment underwriting and pursuit of well-funded tenants motivated by powerful long-term secular changes in their needs for such properties. Founded in 1988, the firm is headquartered in Lake Forest, Illinois.
For additional information, please contact Stuart D. Lansing at SLansing@WestminsterCapitalLLC.com.
270 Westminster • Suite 300 • Lake Forest, IL 60045 • 847-234-1123 • Fax 847-234-2115
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