LEO BROWN GROUP OPENS, BREAKS GROUND ON SENIORS HOUSING FACILITIES FOR $66M

CARMEL, IND. — Leo Brown Group has opened two senior living communities in the Indianapolis area and began construction on two new senior living communities in Ohio and Kentucky. The four projects combined total $66 million in new investment by the Carmel-based developer, owner, and operator of healthcare properties. The newly open properties include Traditions at Solana, a 105-unit senior community within the new Solana at the Crossing residential development; and Traditions at Reagan Park, an 82-unit assisted living and memory care community. The $16.7 million Traditions at Solana project is located at 78th Street and Keystone Avenue. The $11.5 million Traditions at Reagan Park is located in Avon just west of the Indiana University Health West hospital campus. The new facility is part of the larger Reagan Park senior living campus developed by Leo Brown Group. Both projects opened in June. Through its management company affiliate, Traditions Management, Leo Brown Group will run day-to-day operations at both of the communities. Leo Brown Group broke ground on Middleton of Granville in Ohio and plans to break ground on Traditions at Beaumont in Kentucky. Middleton of Granville is a joint venture between Leo Brown Group and Columbus, Ohio-based Continental Real Estate Cos. The $18.3 million community consists of 94 assisted living and memory care units. Leo Brown Group will begin construction on Traditions at Beaumont this month. The property is located in the southeastern Louisville suburb of Fern Creek. The $19.5 million community will consist of 130 independent living, assisted living and memory care units. The Traditions at Beaumont facility is part of a larger Beaumont residential development. Traditions Management will manage the four new projects. They will all include a 24-hour nursing staff, emergency response systems, scheduled transportation, restaurant-style fine dining, casual dining, a theatre room, fitness center, beauty salon/barber, library, chapel, walking paths and outdoor gathering areas, as well as daily recreational activities and events.