Eden Prairie, MN — July 29, 2026 — Vincent Companies today announced the sale of Round Lake Senior Living in Arden Hills, MN and Boulder Ponds Assisted Living in Lake Elmo, MN, to LTC Properties, Inc. This sale marks another milestone in the firm’s senior housing investment strategy and reflects continued demand for well-positioned senior living communities throughout the Twin Cities suburbs. Boulder Ponds also set a new Minnesota record for the highest sale price per unit achieved for a senior living community.
Lifespark will continue serving as the operator of both communities, ensuring continuity of care, staffing, and day-to-day operations for residents and their families. Round Lake Senior Living is a 120-unit community in Arden Hills offering independent living, assisted living, enhanced care, and memory care. Boulder Ponds Assisted Living is a 95-unit community in Lake Elmo offering assisted living and memory care.
“This transaction reflects the strength of our investment strategy and the quality of the communities we’ve developed,” said Ryan Litfin, Owner and Managing Partner of Vincent Companies. “We are proud of what has been accomplished at both communities and are pleased to transition them to an owner who shares that same commitment.”
The successful sale reflects Vincent Companies’ disciplined approach to developing and acquiring senior living communities in markets supported by favorable demographic trends and enduring demand. Following the development of both communities, Vincent Companies partnered with Lifespark to strengthen operations, enhance the resident experience, and maximize each property’s long-term potential. Together, the organizations positioned Round Lake Senior Living and Boulder Ponds Assisted Living for continued success under this new ownership.
