Senior Housing News June 12, 2024
Vi is in the middle of upgrading multiple communities in its portfolio as the company eyes future growth, including in the rental senior living sector.
Chicago-based Vi is nearing completion on a $92 million renovation at Vi at Bentley Village in Naples, Florida, that is set to wrap up this summer. The work added 64 independent living apartments with modern fixtures and amenities. Since 2014, Vi has invested over $300 million into the Bentley Village community.
The additional units coincide with upgraded amenities and a $41 million redevelopment of the community’s care spaces, expanding assisted living options and upgrading skilled nursing.
Vi President Gary Smith said the company undertook “significant remodeling” of common area spaces and independent living apartment upgrades...
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