AIG Global Real Estate announced Tuesday a joint venture with senior living operator First & Main™ to “integrate the ownership, development and operational components for a new brand of independent living, assisted living, and memory care communities across the Midwest and greater US market.”
In January 2015, Granger Group’s CEO Gary Granger partnered with Jeramy Ragsdale, a well-known senior living operator, for the management of the First & Main™ platform to begin building an integrated brand that will set the stage for the future of senior living.
AIG and First & Main have now contracted with Granger to develop five projects over the next four years. Three are located in suburbs of Metro Detroit, and two more outside the Greater Columbus market.
Source: Business Wire. AIG Global Real Estate and First & Main Announce a Four-Year Joint Venture to Develop, Own and Operate Senior Living Communities across the US