LifeCare has completed the sale of The Blake at Tyler, an assisted living and memory care community located in Tyler, Texas. The transaction closed on May 6, 2026, marking another milestone in the company’s track record of developing and stabilizing high‑quality senior living communities. The buyer is a publicly traded REIT, and financial terms were not disclosed. The community will continue to be operated by Blake Management Group, ensuring continuity in service and care for residents.
Opened in 2024, The Blake at Tyler features 115 total units, including 72 assisted living units and 43 memory care units. The community was designed to reflect the character of Tyler, known as the Rose Capital of America, while offering a resort‑style environment with hospitality‑driven service. LifeCare emphasized that the sale underscores the strength of the Tyler market and the value created through its partnership with Blake Management Group.
The Blake at Tyler includes a wide range of amenities such as a salon, chapel, theatre, physical therapy clinic, multiple dining venues, courtyards, and spacious suites with flexible floor plans. Its interiors were designed to evoke the feel of distinct rooms within a home, featuring custom lighting, comfortable gathering areas, and artwork inspired by the local area. In 2025, Banko Design received a Silver award from the American Society of Interior Designers Georgia Chapter for its work on the community.
LifeCare noted that the sale reflects its continued success in executing senior living projects from market selection through stabilization and disposition. The company remains focused on developing assisted living and memory care communities in strategically selected markets, guided by its core values of integrity, knowledge, accountability, and results. The Blake at Tyler represents another example of LifeCare’s commitment to creating long‑term value through thoughtful development and strong operational partnerships.
KEY QUOTES:
“The Blake at Tyler is a great example of LifeCare’s approach to senior living development. The sale demonstrates the quality of the community, the strength of the Tyler market, and the value created through our partnership with Blake Management Group.”
Adam Mitchell, Managing Partner of LifeCare
