Source: Liana Living.
NEW YORK CITY- Quadrum Global, a real estate development and investment management firm, has expanded its Quadrum Senior Living division with the launch of a new management platform dubbed "Liana" for senior living properties in its portfolio.
Liana Developments are located in Venice, Fla. and Austin, Texas, and by year-end, the platform will add two additional facilities in Sarasota, Fla. and Naples, Fla.
In December 2018, QSL expanded into the senior living sector with the launch of Amavida in Fort Myers, Fla., a $95-million resort-style adult community with independent living, assisted living and memory care facilities. It was the latest development for QSL's quickly expanding senior living pipeline, and one of the first management projects for the company.
Trinity Private Equity Group, a Texas-based alternative asset management firm, recently onboarded QSL's Liana platform to manage four assets, which include Liana Venice, a 54-residence assisted living memory care community located at 2321 E. Venice Ave., Venice, Fla., 34292; Liana Austin, a 54-residence assisted living memory care community located at 5200 Davis Lane, Austin, Texas, 78749; Liana Sarasota, a 54-residence dementia care facility that is under construction and located at 2630 University Parkway, Sarasota, Fla., 34243, the property is set to open this fall; and Liana Naples, a 54-residence community, currently under construction and anticipated to open in this Fall.
"We are humbled and honored to be chosen by Trinity Private Equity Group as managers of its memory care portfolio under the Liana brand. TPEG has demonstrated an entrepreneurial and driven approach to its real estate investments," said Quadrum CEO Oleg Pavlov, in a prepared statement.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
