Retirement News : Seniors : American Retirement Corporation Announces Construction Start of ...

American Retirement Corporation Announces Construction Start of ...

Date Added: 18-08-2005

American Retirement Corporation (NYSE:ACR), a leading national provider of senior living housing and care, announced that it has commenced construction on a new Alzheimer's/dementia unit at the Homewood Residence at Corpus Christi. The $2.5 million project will create a state-of-the-art community that will specialize in the care and housing for those seniors with Alzheimer's disease or other forms of dementia.

Homewood Residence at Corpus Christi is a retirement community that includes 60 independent living units as well as 30 assisted living units. The expansion will increase the continuum of care provided to the community's residents by providing a specialized program, in a home-like setting, that will include special techniques for memory enhancement, a secure environment and active social interaction.

The one-story 19 resident building will feature one-bedroom and studio apartments. The community will be constructed by BARCOM Commercial, Inc. of Corpus Christi, Texas. The project is expected to open for occupancy in April of 2006. In addition to this community, American Retirement operates the Trinity Towers in Corpus Christi as well as 24 other communities throughout Texas.

Company Profile

American Retirement Corporation is a national senior living and health care services provider offering a broad range of care and services to seniors, including independent living, assisted living, skilled nursing and Alzheimer's care. Established in 1978, the company believes that it is a leader in the operation and management of senior living communities, including independent living communities, continuing care retirement communities, free-standing assisted living communities, and the development of specialized care programs for residents with Alzheimer's and other forms of dementia. The company's operating philosophy is to enhance the lives of seniors by striving to provide the highest quality of care and services in well-operated communities designed to improve and protect the quality of life, independence, personal freedom, privacy, spirit, and dignity of its residents. The company currently operates 67 senior living communities in 14 states, with an aggregate unit capacity of approximately 13,200 units and resident capacity of approximately 14,900. The company owns 18 communities, leases 43 communities, and manages six communities pursuant to management agreements.

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