The new owner of KindredHearts in Sun Prairie wants to bring a fresh look to the nearly three-decade-old assisted living community.
SHA Capital Partners in Chicago, which specializes in senior housing acquisitions, purchased KindredHearts on Oct. 4. Since taking over, SHA has renamed the facility at 605 Chase Blvd. Tallgrass Senior Living of Sun Prairie and has brought in new management, Chicago-based Matthews Senior Living, which will have an on-site executive director, Kathy Linden.
SHA is preparing to submit to the city of Sun Prairie plans which call for a $2.5 million renovation.
Planned updates include remodeling the 52 assisted living apartments in the main three-story building and 62 single-story cottage homes, refurbishing the dining room, reception area and community living spaces, adding a new salon and spa, and improving the landscaping.
David Watkins, a partner with SHA Capital Partners, said his company was attracted to the Sun Prairie facility because the buildings on the 10-acre campus were in good condition and because of its proximity to the Colonial Club Senior Activity Center.
“The main assisted living building has good bones with an attractive red brick facade and large units, but primarily it needs a cosmetic update,” he said.
Carpeting will be replaced and decorations around the community will be updated.
The company hopes to begin renovations in the next four to five weeks and could take up to a year a finish. About 65 people live in the community.
Watkins said vacant units will be remodeled first.
“We will be sensitive to our current residents’ preferences regarding the renovation of occupied apartment homes and cottages,” he said.
SHA also expects to hire a sales and marketing director soon to find new residents.
While the short-term plan is to rehabilitate the community, SHA also is looking to the future, which may mean selling the community down the road or keeping it as part of its portfolio.
“We see this as at least a five-year hold, with the potential for an even longer hold,” Watkins said.