Wesleyan Investment Foundation Executes Letter of Intent to Sell Providence Place Retirement Community to EveryAge

CHICAGO – June 20^th, 2024 – Wesleyan Investment Foundation, an Indiana nonprofit corporation, has executed a letter of intent with EveryAge, a North Carolina-based nonprofit corporation that owns and operates continuing care retirement communities, to sell the portfolio of properties, businesses, and assets owned and/or controlled by Westchester Properties, LLC. The portfolio of assets includes a retirement community known as Providence Place Senior Health and Housing in High Point, NC. The acquisition remains subject to definitive agreement negotiations and customary regulatory approvals.

Kaufman Hall is serving as the exclusive transaction advisor to Wesleyan Investment Foundation.