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Aegis Living Completes Purchase of Real Estate in Aptos
Date:4/2/2009

APTOS, Calif., April 2 /PRNewswire/ -- Aegis Living, a national leader in senior living and assisted living communities, announces that it has acquired its community in Aptos, California. Under the recent acquisition, the property and building currently operating as Aegis of Aptos are now owned and operated solely by Aegis Living's parent company, Aegis Senior Communities, LLC. This latest development for the company marks another step in the long-term growth plans to serve seniors on the West Coast.

"Despite the difficult economic environment, Aegis Living continues to grow in the geographic markets it serves through new development and strategic acquisitions such as Aegis of Aptos," said Dwayne Clark, chairman and CEO of Aegis Living. "With investments such as Aptos, it continues to position us for future growth and to strengthen our value proposition."

Aegis of Aptos was opened in 1999, and is one of the first communities opened by Aegis. This senior living retirement community located near Monterey Bay offers residents the option of assisted living and memory care (for those individuals with Alzheimer's or other dementia) with 88 senior apartments. It is located at 125 Heather Terrace, in Aptos.

In the future, Aegis Living will continue to successfully execute its current focused and selective acquisition plan as part of the company's goal of fulfilling its growth strategy. The company is currently building a new community in Bellevue, Washington with plans for other new openings slated for California as well in the next year.

About Aegis Living

Aegis Living is a national leader in retirement and assisted living, offering a progressive selection of senior residences to meet the growing needs of today's aging population. Providing the finest in senior lifestyle and living options available, "We're the people who make life better," emphasizing health, quality of life, well being and community. The residences include Signature Living, independent living, assisted living, Memory Care for individuals with Alzheimer's and dementia as well as short term, rehabilitative and vacation stays. Aegis Living is guided by a simple philosophy: strive to treat all people with the highest possible standards. Founded in 1997 and headquartered in Redmond, Washington, privately held Aegis Living operates 34 communities in Washington, California and Nevada. More information about Aegis Living is available at www.AegisLiving.com.


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SOURCE Aegis Living
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