BLAKE MANAGEMENT GROUP INTRODUCES NEW SENIOR LIVING COMMUNITY IN NEW BRAUNFELS, TEXAS

(February 11, 2019) – LifeCare Properties, together with Blake Management Group, introduces The Blake at New Braunfels, a resort-style senior living community in the northeastern part of greater San Antonio. This will be first Blake location to open in Texas.

LifeCare Properties is developing the 93,000-square-foot assisted living and memory care community. The assisted living and memory care suites will be designed for comfortable, safe and enjoyable senior living.

“We are delighted to introduce our first Blake senior living community in Texas,” said Jeremy Cole, CEO of Blake Management Group. “Our blend of upscale hospitality and commitment to high quality care will fit well in this vibrant city.”

The assisted living options include two-bedroom suites, one-bedroom suites and studios. The memory-support area of the community, focusing on Alzheimer’s and dementia care, will feature both studio and one-bedroom suites specifically designed to provide a safe environment where resident’s socialization and specialized cognitive therapy plans are paramount. Walk with Me, Blake’s proprietary program centered on dementia care, will also be available at New Braunfels.

“By investing in industry leading engagement tools and proprietary programs like Blake’s Walk with Me in our communities, we will provide what we believe is an unmatched experience for residents with cognitive changes and the peace of mind for their loved ones,” said Cole.

The Blake at New Braunfels will be situated at the intersection of I-35 and FM 306, one of the only intersections in the Austin/San Antonio corridor to connect to SH 130 and    1-10, three of the most traveled highways in Texas. It also neighbors a 56-acre Resolute Health Hospital Campus.

“We’re excited by the pro-development atmosphere we’ve experienced in New Braunfels,” said Brooks Holstein, managing partner with LifeCare Properties. “Combined with the natural beauty of the area and the charm and amenities the city offers, we’re convinced we’ve selected the perfect site for the Blake.”

Cole added, “New Braunfels and the entire I-35 corridor, from San Antonio to Dallas, is full of promise and development growth. Our goal is to find opportunities to bring Blake’s unique facilities and services to this quickly expanding community.”

Deeply rooted in hospitality, the Blake strives for the best in care and quality of life, as well as exceptional value. Communities are staffed by registered nurses 24-hours-a-day, seven-days-a-week. The Blake also takes pride in delivering an exceptional dining experience with highly trained chefs and food prepared purposefully for seniors.

Visit www.blakeatnewbraunfels.com for upcoming news regarding development and pre-opening sales. Construction is expected to be finished in fall 2020.

ABOUT BLAKE MANAGEMENT GROUP

Blake Management Group is a privately held senior living operator formed in 2007 with the goal of providing outstanding senior living services that are meaningful, compassionate and innovative. Based in Jackson, MS, Blake Management Group is responsible for the operation of 20 communities throughout Alabama, Florida, Mississippi, Florida, Tennessee, South Carolina and Virginia.

 

For additional information on BMG, please visit www.blakeliving.com.

 For more information, contact:

Melissa Zoeller

502.553.9732

melissa@zprlouisville.com

 

COMVEST Pursues Additional Asset Class Through Affiliate LifeCare Properties

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FOR IMMEDIATE RELEASE

COMVEST Pursues Additional Asset Class Through Affiliate LifeCare Properties 

Biloxi, Mississippi (October 17, 2018) – COMVEST Properties continues to expand its development opportunities with the formation of LifeCare Properties, LLC, focused on the development of upscale senior housing.

Recently, it was announced that LifeCare Properties and Blake Management Group (BMG) have entered into a joint venture that will expand the resort-style Blake senior living brand nationwide.

“After extensive discussions with the partners and senior executives of Blake Management Group and numerous on-site visits to Blake’s portfolio of communities, we were convinced that BMG would be an ideal operating partner,” commented LifeCare Properties Managing Member, Brooks Holstein, “We appreciate BMG’s unparalleled commitment to resident care and services, as it complements our commitment to delivering superior properties.”

BMG (blakeliving.com) was founded in 2007 and currently has 17 resort-style senior living communities operating or in development Alabama, Tennessee, Virginia, South Carolina, Louisiana, Mississippi and Florida. LifeCare Properties and BMG plan to open 10 more Blake-branded properties in select East Coast, Midwest, and Southwest markets over the next 5 years.

LifeCare Properties, LLC is a wholly owned affiliate of COMVEST Properties, LLC, a Biloxi, Mississippi-based commercial real estate development company. Under the joint venture, Lifecare Properties will develop the properties and BMG will operate them.

ABOUT COMVEST PROPERTIES, LLC

COMVEST Properties, LLC is a commercial real estate development company. Together with its affiliate, Net Lease Developers, LLC, COMVEST is a developer and owner of shopping centers and single tenant net leased properties. For more information about COMVEST, visit COMVEST.net. For more on LifeCare Properties, visit LifeCarePropertiesllc.com.

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SOLD: Centre at Courthouse, Gulfport, MS

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FOR IMMEDIATE RELEASE

MARCUS & MILLICHAP ARRANGES THE SALE OF 34,252-SQUARE FOOT RETAIL PROPERTY

GULFPORT, MS, October 10, 2017 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the sale of Centre at Courthouse, according to Todd E. Lindblom, regional manager of the firm’s Milwaukee office. The asset sold for $2,575,000.

Jeff R. Rowlett and Matt Fitzgerald, investment specialists in Marcus & Millichap’s Milwaukee office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. Anne Williams, Mississippi Broker of Record, assisted in this transaction. The seller, Centre at Courthouse, Inc. is a wholly owned real estate investment property of Mladinich Holdings, LP., Biloxi, MS.

Centre at Courthouse is located at 405 E Pass Road in Gulfport, MS. This investment consists of two buildings, one occupied by three tenants at 31,975 square feet and the other two tenants at 2,277 square feet. The larger building was built in 1974 but was completely redeveloped in 2006 with a new roof, all new electrical, water lines, sewer, sprinkler system, new 2” asphalt and new pylon/monument sign. The smaller two tenant building was built in 2011 located in the outlot of the larger building. Currently the tenants leasing space consist of Citi Trends, Dollar Tree, Shoe Show and Smoothie King.
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About Marcus & Millichap (NYSE: MMI)
With over 1,700 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com

Daniel J. Payne Joins COMVEST Properties LLC

 

Daniel J. Payne, CPA

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FOR IMMEDIATE RELEASE

Daniel J. Payne Joins COMVEST Properties LLC

Biloxi, Mississippi – Daniel J. Payne, CPA, has joined COMVEST Properties in the position of Accounting Manager. Prior to joining COMVEST, Daniel worked with a CPA firm on the Mississippi Gulf Coast serving a wide variety of clients.  In addition to public accounting experience, Daniel has experience working with a local bank as an Internal Auditor.

Daniel graduated with a Bachelors in Accountancy from Mississippi State University.  He has also obtained his Masters of Business Administration from Delta State University.  In addition to his education, he is licensed as a Certified Public Accountant in the State of Mississippi.

Daniel is a member of the American Institute of Certified Public Accountants (AICPA) and the International Council of Shopping Centers (ICSC).  He is also a member of Mississippi Society of CPAs where he serves as treasurer for the Gulf Coast Chapter.  In addition to work related associations, Daniel enjoys volunteering his time to give back to his community.  Currently, He is serving as a member of the Board of Trustees for the Walter Anderson Museum of Art.  In 2015, he was appointed by the Board of Aldermen to serve a five-year term on the Economic Development Council for the City of Ocean Springs.

About COMVEST Properties, LLC: Together with its affiliate, Net Lease Developers, COMVEST Properties, LLC, are active developers of shopping centers and single tenant net leased properties. For more information about COMVEST Properties visit COMVEST.net.

For additional information contact:
Wendy Barthe Peavy, Director of Marketing
COMVEST Properties, LLC
228-594-3400 (office)
228-594-3401 (fax)
wpeavy@comvest.net
www.comvest.net

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Gary Rosetti Retires

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PRESS RELEASE

FOR IMMEDIATE RELEASE

Gary Rosetti Retires

Biloxi, Mississippi – After over 40 years working as an Accounting Manager for  COMVEST Properties LLC and its related entities, Gary Rosetti, CPA, has retired.

Gary, joined the Mladinich family in the late 1960s to oversee the payroll and other accounting duties of the family’s many Biloxi hospitality enterprises. He went on to become a Certified Public Accountant and an auditor for the Defense Contract Audit Agency (DCAA), the Department of the Navy and the Office of Inspector General of Homeland Security. While with DCAA, Gary was Branch Manager of the Gulf Coast Branch Office. During this time, he remained a close advisor and friend to family patriarch, John Mladinich.

In 2011, Gary became affiliated with commercial leasing operations for COMVEST Properties.  In the position of Accounting Manager, he maintained accounting records, payroll preparation, processed vendor invoices for payment, monitored tenant lease payments, and ensured proper insurance coverage of COMVEST’s retail assets. He was also responsible for the annual reconciliation of CAM/Insurance and Taxes with each tenant, as required by lease agreements.

The Mladinich-Holstein family and the associates of COMVEST Properties extend their best wishes to Gary for a happy retirement.

About COMVEST Properties, LLC: Together with its affiliate, Net Lease Developers, COMVEST Properties, LLC, are active developers of shopping centers and single tenant net leased properties. For more information about COMVEST Properties visit COMVEST.net.

For additional information contact:
Wendy Barthe Peavy, Director of Marketing
COMVEST Properties, LLC
228-594-3400 (office)
228-594-3401 (fax)
wpeavy@comvest.net
www.comvest.net

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