LifeCare Properties Milestones

LifeCare Properties is a dynamic and forward-thinking company dedicated to developing exceptional senior living communities. Since our founding, we have been guided by our core values of integrity, knowledge, accountability, and results.

• LifeCare Properties (LCP) is founded by D. Brooks Holstein, driven by a vision to create high-quality senior living communities.
• LCP enters a joint venture with operator Blake Management Group (BMG) to develop communities in Texas.

• The Blake at New Braunfels 
• The Blake at Waco 

• Anticipating labor and supply chain disruptions LCP proactively orders building materials, FF&E, and creatively overcomes obstacles resulting from COVID-19.
• In response to concerns created by the pandemic, LCP incorporates air purification technology in the New Braunfels and Waco plans.
• Despite record-breaking weather events throughout 2020, both projects remain on track.

• LCP establishes a key equity partnership with ERG Enterprises , enhancing our development capabilities and market reach.
• LCP and ERG announce plans for The Blake at Tyler.
• The Blake at Waco and The Blake at New Braunfels earn full licensure and open to residents. 

• Construction begins on The Blake at Tyler. 
• LCP’s design partner, Banko Design, earns the 2022 Bronze Award from the American Society of Interior Designers (ASID) for The Blake at Waco.
• Both The Blake at Waco and The Blake at New Braunfels are awarded the Accushield 5-Star Safety Rating Seal. 

• The Blake at New Braunfels achieves stabilization* in May – 19 months after CO.**
• The Blake at Waco achieves stabilization in August*- 23 months after CO.** 
• The Blake at New Braunfels reaches 100% occupancy in October.

* Defined as 93% occupancy. ** Industry standard to stabilize is 24 to 36 months.

•   The Blake at Waco reaches 100% occupancy in March.
•   LCP completes the sale of The Blake at New Braunfels to Inspired Healthcare Capital

                 in June.

• The Blake at Tyler earns full licensure and opens to residents in July.
• LCP completes the sale of The Blake at Waco to a publicly traded REIT in October.