The Village at Legacy Pointe Now Under New Ownership

Submitted by Watermark Retirement Communities, Inc.

Watermark Retirement Communities, Inc., one of America’s leading operators of senior living communities, has acquired and assumed management of The Village at Legacy Pointe in Waukee.

Located at 1650 S.E. Holiday Crest Circle, has capacity for 185 residents, including 80 in Independent Living, 40 in Assisted Living, 48 in Healthcare/Skilled Nursing and 17 in Memory Care. Yvonne (Vonnie) Potter is the Executive Director.

In addition, Watermark has acquired and assumed management of Vriendschap Village in Pella, Iowa. Watermark has also assumed management of two other Central Iowa senior living communities – Vintage Hills Retirement Community of Indianola, Iowa and Vintage Hills Retirement Community at Prairie Trail of Ankeny, Iowa

Iowa-based Ewing Land Development & Services was the previous owner of the four communities and remains owner of Vintage Hills at Prairie Trail and Vintage Hills of Indianola. No terms of the transaction were announced.

“The Village at Legacy Pointe is an ideal fit for Watermark for many reasons, particularly their history of customized care for residents,” stated David Barnes, Watermark’s President/CEO. “Ewing Land Development & Services has created a great community in Waukee. We’re ready to build on their success and implement Watermark’s signature programs and services to make them truly extraordinary places to live and work. We expect the management transition to be relatively smooth and we’re looking forward to the process. All current employees will be retained as part of the transition.”

“We believe Watermark is the best in the industry at managing senior living communities,” stated Jeff Ewing, co-owner of Pella, Iowa-based Ewing Land Development. “We’re confident in The Village at Legacy Pointe’s future because Watermark will bring additional resources and services. The bottom line is that our residents will benefit greatly and that’s why we chose Watermark. All of us at Ewing Development are excited about the partnership with Watermark as it will allow us to continue to do what we do best, which is develop, design and build premiere senior housing projects for Iowa's seniors and seniors around the region," he added.

Watermark is well known for innovative programs, outstanding systems, top-notch dining and a culture built on choice and customized care. Watermark is committed to creating extraordinary communities where people thrive.

Watermark officials said they will continue to improve services and programs for residents; plans will be announced in the coming weeks.