New Owners Plan Major Investment
Oklahoma Christian University recently sold its Tealridge retirement community located at 2100 NE 140th Street in Edmond to a local group with a long and successful track record in the senior living industry. The new owners already own and manage the Tealridge Assisted Living & Memory Care Community in Edmond as well as the University Village Retirement Community in Tulsa among other communities.
“With the addition of the Tealridge independent living community, we are now able to offer our residents a full care campus- housing options from independent living apartments to assisted living and even memory care services – all on one campus.” said Jon Paden, who leads the new group. The sale took almost two years to complete given Oklahoma Christian’s desire to find the right buyer and ensure the community continued to be managed and owned by a group with integrity as well as shared values and beliefs.
The new owners are already starting to reinvest in the retirement community with $1 million funded for building improvements which will include updating resident apartments, dining and social areas. “We are excited to build on the great Tealridge reputation for quality in the Edmond community and we are blessed to be able to invest the money and resources needed to really create a special, yet affordable retirement option.” added Paden.
Daily operations will be managed by Melissa Mahaffey who is the new Executive Director at Tealridge Retirement Community. While she has extensive senior living management experience, Mrs. Mahaffey credits her success from a genuine passion for improving the lives of her senior residents. “I am so excited to be a part of the next chapter at Tealridge.” shared Mahaffey. “We have the resources and vision to really create a place that builds on Tealridge’s great reputation while updating things to be on par with the best communities in Edmond“. In addition to the great residents that already call Tealridge home, Mahaffey is building a great team that will place a strong emphasis on customer service, hospitality and convenience for retirees regardless of the phase of life he or she is in”, added Paden.