
Waterton Takes Controlling Stake in Senior Living Operator
Waterton has acquired a controlling interest in senior living owner/operator Pathway to Living. Terms were not disclosed.
The two Chicago-based companies have partnered since 2015, when Waterton acquired a 50% stake in Pathway to Living, now increased to 80%.
“We have been making investment decisions alongside Pathway to Living for five years,” said David Schwartz, Waterton’s CEO, chairman and co-founder. “Pathway to Living’s vertically integrated operations and its steadfast commitment to a brand known for providing exceptional care to residents, have proven to be instrumental in its success.”
Pathway to Living owns and/or manages 29 communities comprising over 2,600 units in four Midwestern states, including Azipra of Lake Zurich in Lake Zurich, IL (pictured), one of nine assets jointly-owned with Waterton. Three more are under development.
Waterton and Pathway to Living will continue to focus on addressing middle-income demand in the sector through value-add acquisition and development.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition