Tealwood Management (TM) was formed in 2003. The principals of Tealwood Senior Living established an organization that focuses on managing its own projects and obtaining management agreements with other businesses, all while affording ownership opportunities for key staff. TM currently manages ten locations of its own and has management agreements with four free-standing assisted living projects, one skilled nursing center and one campus comprised of a skilled nursing center and an assisted living community.
Tealwood Senior Living combined talents with Trident Development in 2008 to develop senior housing projects. Their journey began in Sauk Centre, MN where an assisted living community was developed and opened its doors to seniors in the community that November. Since that initial project, the joint venture has combined to develop fifteen senior housing projects, three of which are still under construction. Trident’s strengths are in its abilities to secure land, develop the infrastructure, coordinate the design of the project, assist in the financing and ultimately secure its construction. The partnership looks to continue developing projects into the future.
Leonard Louis Healthcare Properties (LLHCP)
Tealwood Senior Living began its initial journey by leasing five nursing facilities from LLHCP in 1989. The relationship expanded in 1992 when LLHCP partnered with the Tealwood principals to acquire a 72 unit senior care community in Waite Park, MN. Since that first senior housing project, Tealwood has partnered with LLHCP, successfully developing fifteen senior communities. Much of the LLHCP growth strategy was prompted upon the belief that the overall provision of care is better in the rural markets where friends and relatives frequently care for friends and relatives. LLHCP is owned by two prominent Minneapolis attorneys, Samuel Kaplan and Ralph Strangis.
In 1998, Tealwood Senior Living formed a joint venture, TWSL, to manage four campuses owned by Senior Care Communities (SCC). A major effort came in 2002 by designing and developing a 142 unit senior living campus in Eden Prairie, MN. The uniqueness of this community was further enhanced in 2003, when the Transitional Care Unit (TCU) was opened. The TCU is a 25 bed nursing facility focusing on rehabilitation services. In 2011, TWSL developed a 77 unit assisted living project near downtown Minneapolis.