Health Wave Partners Acquires Alamar Senior Living

CHICAGO--(BUSINESS WIRE)--Health Wave Partners today announced the acquisition of Alamar Senior Living, a 134-unit Class A assisted living and memory care community in Wellington, Florida. The acquisition represents another milestone in the firm’s growth strategy, further expanding its presence in high-quality senior housing markets.

Managed by AgeWell, the community offers premium amenities, including chef-prepared dining, a fitness center, movie theater, beauty salon, dog park, and a secure memory care courtyard, along with AgeWell's proprietary Floreo cognitive engagement program. Alamar also recently completed a significant improvement program, with renovations to resident units, common areas, furnishings, and outdoor amenities.

“Alamar is an exceptional community in one of South Florida’s most attractive senior housing markets and exemplifies the type of high-quality assets we seek to acquire alongside best-in-class operating partners,” said Philip Kayden, Chief Investment Officer of Health Wave Partners. "We are excited to welcome AgeWell as a new operating partner and look forward to building on the strong momentum their team has already created. We believe the combination of a premier asset, a highly experienced operator, and favorable demographic trends positions the community for continued long-term success."

“Alamar Senior Living has built an outstanding reputation for exceptional resident experiences, dedicated team members, and operational excellence. We are honored to continue serving as the management company under Health Wave Partners' ownership and look forward to this next chapter for the community. Together, we will continue building on Alamar's strong foundation while delivering the exceptional service and care residents, families, and team members have come to expect," said David Mills, President & COO, AgeWell Senior Living.

About Health Wave Partners

Based in Chicago, Health Wave Partners is a dedicated senior housing investment platform focused on acquiring high-quality communities alongside best-in-class operating partners. Supported by a strategic partnership with Macquarie Asset Management (MAM), Health Wave Partners pairs boutique-level focus and agility with the capital strength and global resources of a leading institutional asset manager. To learn more, visit HealthWavePartners.com.

About AgeWell Senior Living

AgeWell Senior Living established its operations in 2009 as a Florida-based senior living management organization that provides top-quality service to residents and their families, team members, and owners. The company has received national "Great Place to Work" recognition for nine consecutive years because of its people-oriented approach and dedication to outstanding performance. AgeWell Senior Living implements successful aging principles to develop innovative solutions that improve resident quality of life and maximize returns for owners and investors. The company operates 38 communities throughout seven different states as its current portfolio.

“Not affiliated with Brookfield Lankin LLC, the owner of the ALAMAR trademark. Used with permission.”