NEW ORLEANS – Quality Senior Living Partners, a LongueVue Capital portfolio company, announced the sale of two retirement homes – The Blake at Colonial Club (in Harahan, Louisiana) and The Blake in Charlottesville, Virginia – to a listed real estate company. investment trust. The two Blakes are both communities of 118 assisted living and memory care units.
LongueVue Capital is a New Orleans-based private equity firm with offices in New York and Salt Lake City. Founded in 2001, it claims to have over $500 million under management across more than 20 platform companies and three funds. In 2017, LongueVue partnered with QSLP – a developer, owner and operator of senior housing communities based in Pensacola, Florida – to build more of its fee-based “resort” type communities that do not charge community. QSLP has launched installations in Alabama, Florida, Louisiana, Mississippi, Tennessee and Virginia.
“QSLP is a premier operator that shares our spirit of partnership,” said John McNamara, co-founder and managing partner of LongueVue, in a press release. “They have shown dedication and professionalism throughout the development of these facilities. Working with them to develop and operate new luxury senior communities with resort-style services, unparalleled access to wellness programs and cutting-edge technology features has been a rewarding experience for the LVC team.
The $28 million Blake at Colonial Club, which celebrated its grand opening in June 2021, was built on the former site of the closed Colonial Golf & Country Club in Harahan. The community is the first real estate development on the former colonial site, an 88-acre property near the Mississippi River that has been vacant since 2012. The Blake is expected to create 80 to 100 jobs and house more than 120 residents when fully occupied. . . The 115,000 square foot space has 70 assisted living apartments and 48 memory care apartments.
“We take care of the details, so our residents can enjoy the finer things in life,” said Blake co-founder and CEO Glenn Barclay at the grand opening.
The Blake promises luxury accommodations, elegant dining options, concierge service, 24-hour nursing staff, and an active social program. Also at your disposal: a piano bar and lounge, a full-service coffee shop and ice cream parlour, a spa and salon, on-site therapy services, a sunny chapel, a movie theatre, meeting rooms activities, landscaped courtyards with an outdoor fire pit, library and on-site parking.
Rebecca Jeffries is the Executive Director of the property. The architect for the project was Arrive Architecture Group of Fort Worth, Texas. The general contractor was EBM Group of Mobile, Ala.
“LongueVue Capital has been a fantastic partner in helping us achieve our goal of providing exceptional senior living services that are meaningful, compassionate and innovative,” said Andy Yarborough, CEO of QSLP. “LVC’s partnership approach and significant experience – coupled with its commitment to providing both capital and strategic resources to help us achieve our goals – made it the ideal private equity partner for QSLP. “
LongueVue Director Max Vorhoff and Vice President Evan Golden worked alongside John McNamara and Ryan Nagim on the QSLP investment. Jones Walker served as QSLP’s legal counsel.
LongueVue is focused on targeting investments in its key sectors: healthcare and life sciences, food and beverages, specialty packaging, transportation and logistics, consumer, industrial services and niche manufacturing.
For more information on LongueVue Capital, visit www.lvcpartners.com.
For more information about Quality Senior Living Partners, please visit www.qslmanagement.com.