Inspirit Senior Living and Venue Capital continue to expand

MCLEAN, Va., Aug. 29, 2022 (GLOBE NEWSWIRE) — Inspirit Senior Living (“Inspirit”) and Venue Capital (“Vencap”) continue to expand in Tennessee, with their third real estate acquisition in the past three months in Knoxville MSA. This new Inspirit Senior Living community, formerly owned and operated by a local single property, is now recognized as Windsor Ridge.

Located less than 5 miles from downtown Knoxville, Windsor Ridge is a well-located assisted living community serving the needs of elderly residents in Knoxville, Powell, Fountain City and the surrounding area. The property is a single level purpose built community offering amenities such as a game room, TV room and sun room. Windsor Ridge residents experience luxurious living in a warm, private country setting while reaping the benefits of an energetic environment. The community offers residents multiple living options through a variety of suite types ranging from 330 to 427 square feet.

Inspirit and Vencap plan to begin renovations immediately, which will be highly customized to reflect the unique characteristics of the community. The renovations will transform the property into a welcoming and restful environment for residents and visitors, with comfortable furnishings paired with artwork that reflects and celebrates all that Knoxville has to offer.

Dave McHarg, Chief Executive Officer of Inspirit, said, “We are thrilled to add Windsor Ridge to our growing family of communities, and we are honored to work with the dedicated and highly skilled team on site to provide an even better experience for our residents Offer. Windsor Ridge is now part of the growing Inspirit family of properties. We are honored to work with the dedicated and highly skilled local teams to provide a superior experience for our residents.”

Michael Goldberg, Vencap’s Chief Executive Officer, added, “Windsor Ridge is an ideal addition to our growing Knoxville MSA region, offering operational scale and multiple acute care options to the growing local population of seniors. We are thrilled to raise this opportunity and continue our growth in Tennessee with Inspirit Senior Living.”

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ABOUT INSPIRIT SENIOR LIVING

Inspirit Senior Living is an owner/operator of senior living communities in the Mid-Atlantic, Midwestern and Southern regions of the United States. Founded in 2015 by some of the senior care industry’s most respected leaders, Inspirit aims to identify underperforming communities and acquire, modernize and professionalize them, leveraging the economies of scale of the network while preserving the home of each property. such as atmosphere and individual attention to each resident, which make for a successful living experience in old age. Inspirit strives to be a force for good in every community where it operates, providing good jobs, contributing to the local economy and most importantly, providing elder care that respects the dignity and gifts of each resident. Visit inspireseniorliving.com for more information

ABOUT VENUE CAPITAL LLC

Venue Capital LLC is a New York City-based investment and asset management firm specializing in the senior housing sector. Vencap partners with leading regional operators to deliver exceptional experiences for residents while enhancing value for investors. Vencap targets well located properties that can be enhanced through superior operations, strategic capital improvements and an unwavering asset management oversight. The combined components of real estate, hospitality, on-demand service and demographic tailwinds make senior housing a unique asset class that offers the opportunity for both growth potential and consistent performance. Vencap currently owns 16 senior living communities in the southern and midwestern United States. For more information, visit www.venuecapital.com.

CONTACT:

David McHarg, CEO

703-815-5800

[email protected]

Related Images

Image 1: Inspirit senior living

Image 2: Venue Capital

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