The Wardman Group, based in Washington, D.C., announced today that its affiliate has acquired Summers Landing Polo Road, a 92-unit senior housing property in Columbia, SC. Wardman hired senior housing management company Integral Senior Living (ISL) to manage the property.
The property was re-named “Amara Place at Columbia” shortly after closing and Wardman has embarked on a $1.4 million renovation of the property featuring:
- Interior renovations of the common areas, including new furniture, carpeting, and artwork;
- Exterior upgrades to the landscaping, drive aisles, and exterior painting;
- Expansion to the dining area to allow for a more vibrant dining experience for its residents; and
- Increase the size of the memory care wing from 14 units to 22 units.
“In addition to upgrading the property’s physical plant, our main goals are to improve the quality of the property’s resident care, food service, and overall staffing,” said Wardman CEO Thad Paul. “As The Wardman Group’s first investment, this acquisition fits our core competencies given its attractive location in the Southeastern United States, the positive supply and demand fundamentals of Columbia’s senior housing market, and the opportunity to add value in the near term by improving the property.”
“We’re off to a quick start at the property with several new management hires that will help improve operations immediately,” said Collette Valentine, CEO/COO of ISL “We look forward to bringing our management and operating experience along with ISL best practices to Amara Place.”
Amara Place is ISL’s first senior living community in South Carolina and the company’s 59th location overall.
Post-renovation, Amara Place at Columbia will feature 38 independent living, 32 assisted living, and 22 memory care apartments. Amara Place offers comprehensive assisted living services for those who choose or require assistance with their daily needs, but who wish to remain as independent as possible. A wide range of services and activities for residents that provide social, educational, and recreational opportunities is offered. Residents will also enjoy ISL’s award-winning Dining by Design program, which provides a personalized restaurant dining experience and Vibrant Life, a program designed to enrich resident’s lives
Amara Place at Columbia is located at 651 Polo Road in Columbia, south of Two Notch Road, east of Sesquicentennial Park, and north of Interstate 20.
About The Wardman Group
The Wardman Group is a boutique real estate investment and asset management firm founded in 2016. The Wardman Group focuses on opportunities in the hospitality and senior housing sectors, where it targets under-valued assets, whether due to property condition, management capabilities, capital flows, or cycle timing. The firm also asset manages properties on behalf of third parties in areas that align with its core competencies.
Integral Senior Living headquartered in Carlsbad, CA, manages a progressive selection of senior residences to meet the growing needs of today’s aging population. It currently manages 59 independent, assisted living and memory care properties throughout Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Michigan, Missouri, Nevada, Oklahoma, Oregon, Tennessee, Texas, Utah, and Washington. It is ranked the 17th largest senior living provider in the U.S. according to Senior Housing News. ISL is founded on a care philosophy that fosters dignity and respect for residents and promotes their independence and individuality. The dedicated staff at each community is trained to maintain the highest standards of senior care services.