Tag Archives: Retirement Community Specialists

IPA Living, Mark Boisclair Photography

IPA, Retirement Community Specialists join forces

IPA, a leading operator of luxury multifamily communities in Arizona and Michigan, and Retirement Community Specialists, Inc. (RCS), a leading operator of luxury senior housing communities in Arizona, recently announced they have joined together under the same umbrella company, IPA, LLC.

RCS and IPA now operate together under the direction of a combined executive team and Board of Directors, including the four partners of IPA and Eric Johnston, the founder and owner of RCS. Both organizations will continue to operate in the marketplace under their respective names, leveraging the brands both companies have successfully built over the years.

The transaction, effective Sept. 1, created a multidimensional development and management company, differentiated by its ability to deliver quality lifestyles for students, professionals, families and seniors.

“The combination of IPA and RCS creates an exciting opportunity for our company, our residents, and our investment partners,” said Scott Brooks, a partner at IPA. “We both share a mutual promise of creating communities where our residents want to stay longer and invite others to join them. With the two organizations joining forces, we now have the opportunity to positively impact the lives of people across multiple generations, from great grandchildren to great grandparents and everyone in between.”

IPA and RCS came together in 2012 to develop Generations at Agritopia, the flagship community of the company’s “Generations” senior living brand.  With plans to develop more communities in the Phoenix metropolitan market, “the decision to join forces was a strategic one based on the values and vision shared by both companies,” said Bill Fettis, a partner at IPA.

“The relationship between IPA and RCS was apparent from the first handshake over three years ago,” Johnston, president of RCS, further explained. “Together we will be able to deliver high quality senior housing on a broader scale and create new opportunities for team members.”

In addition to the ability to build an owner-operated platform that incorporates innovative services and industry technology, the combination represents the opportunity to deliver enhanced services and benefits to residents and employees.

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

128-Unit Senior Housing Community Comes to Ahwatukee

Investment Property Associates, LLC (IPA) and Retirement Community Specialists (RCS) have partnered for a second time to develop a senior living community in Ahwatukee near the southwest corner of Chandler Boulevard and 50th Street.  The 8-acre site of the planned senior community is part of a 35-acre mixed-use parcel acquired by IPA in 2012.

The senior housing community, called “Generations at Ahwatukee,” is designed to be 160,000 square feet and to provide 128 total units.  The community will be licensed by the State of Arizona as an assisted living and directed care community and will offer independent living, assisted living and memory care.  The community will be operated by Retirement Community Specialists (RCS), a senior living management company based in Ahwatukee since 1998 and in the Phoenix area for over 25 years.

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

Rendering of Generations at Agritopia (a sister property). Renderings of the Ahwatukee location are not yet completed.

“We are thrilled to bring senior living to Ahwatukee where RCS has been a member of the business community for over 15 years,” said RCS President Eric Johnston.  “As a resident of Ahwatukee for more than 20 years, it is rewarding to be able to provide residents and their family members with quality senior living options, right in the neighborhood.”

The unit mix includes studio, one-bedroom and two-bedroom apartment styles as expansive as 1,150 square feet, and many unit styles will feature private balconies or patios. The community will offer an array of amenities that promote freedom from everyday burdens for residents to enjoy their interests and quality time with friends and family.  Current plans include a theater, fitness center, library, salon/barber shop, pool, community gardens, activity centers and restaurant-style dining rooms.

Generations at Ahwatukee will be situated to the north of the 402-unit, Liv Ahwatukee, one of IPA’s premier multifamily residential communities scheduled to open this summer.  Senior living fits well within IPA’s multigenerational vision of neighborhood.

“Generations at Ahwatukee will be a sister property to Generations at Agritopia, which is a senior living community that IPA and RCS own and operate in the literal center of the thriving community of Agritopia in Gilbert,” says Scott Brooks, a partner at IPA. “We strongly believe in the thoughtful design of multi-generational communities where people of all ages can interact with and enjoy each other. With Generations at Ahwatukee positioned next door to Liv Ahwatukee, our Generations residents can still very much be in the center of life’s action while also enjoying the high-level amenities and services they desire and expect from a premier senior living community.”

The Generations at Ahwatukee site is fully entitled and IPA expects to break ground in the fall. IPA has developed senior care communities in other markets; this will be the company’s second senior living development in Phoenix. MC Clark-Wayland Builders of Scottsdale, Ariz. will serve as the General Contractor.  Architectural services are provided by Todd & Associates of Phoenix and Thoma-Holec of Mesa, Ariz. will provide the interior design.