April 3rd, 2017 | Other
Legend Senior Living® has partnered with Signature Senior Living to own and manage two memory and personal care residences in Pennsylvania. Developed by Steven Vick and Pete Russell, Signature of Lititz and Signature of Lancaster will join the Legend® family of properties.
Russell is a current partner in many of Legend’s communities, and Vick was co-founder of Sterling House Corporation with Tim Buchanan in the early 90s. All three have been friends for more than 40 years.
“This partnership complements what has been our desire in the last few years to expand in the northeastern part of the country,” said Legend® Director of Finance Matt Buchanan. “Steven and Pete have built two beautiful buildings and a great team of people in Lancaster and Lititz. We’re honored to be a part of this relationship and build upon the foundation that has been laid.”
The partnership has also secured financing and land for a third Pennsylvania location in Allentown with plans to break ground within the next 30 days. A fourth Pennsylvania location is in development.
Signature of Lancaster opened in January and Signature of Lititz opened in November 2016. Each residence has 33 memory care apartments and 47 personal care apartments.
In addition to its Pennsylvania expansion, Legend® is building senior living residences in Broomfield, Colorado; Gainesville, Florida; and McKinney, Texas. All are expected to open in the next 12-14 months.