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Athena Communities Buys 50% Stake in Senior Facility

GLASTONBURY, CT-Athena Communities of Southington, CT., has purchased a 50% stake in the Rosedale at Fairway Crossing senior assisted living facility here and has also taken over management responsibilities for the 52-unit complex.

By John Jordan | Updated on May 29, 2002

GLATSONBURY, CT-In a deal that increases its senior assisted living portfolio to nine properties in the state of Connecticut, Athena Communities of Southington, CT., has acquired a 50% stake in the Rosedale at Fairway Crossing community here.

The deal also includes Athena Communities’ assumption of the full management responsibilities at the Rosedale at Fairway Crossing complex. No purchase price was disclosed in the deal between Athena and former owner Glastonbury at Fairway Crossing.

Rosedale at Fairway Crossing, formerly Alterra Clare Bridge, is a 33,600-sf, 52-apartment community specially designed for those with memory impairments such as Alzheimer’s Disease. Athena officials say that residents of the facility live in private rental apartments and are afforded healthcare services, activities and restaurant-style dining. Special “neighborhoods” within the one-story building, as well as design components of the facility, help residents maintain their independence, they add.

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