Spring, Lubbock, Victoria senior-living facilities sold

​​SPRING, VICTORIA and LUBBOCK – Cain Brothers has arranged the sale of three Lutheran Social Services of the South (LSSS) senior living facilities.

A joint venture of Brookdale and HCP acquired two of the communities: 

The Village at Gleannloch Farms, a 206-unit continuing care retirement community in Spring, and Copperfield Village, an 86-unit independent living facility in Victoria. 

Prime Life Communities acquired the final community, Wedgewood South, a 49-unit assisted-living facility in Lubbock. 

As a result of the transactions, LSSS was able to retire all of its outstanding debt and retain net proceeds to fund its mission.