In a joint release today, Milestone Communities and Shannex announced the sale of Milestone’s two West Bedford seniors’ living properties, the Pemberley and the Highbury. Shannex will assume ownership through its Retirement Living division which has locations across Nova Scotia, New Brunswick and Ontario.
“Although we enjoy developing and operating seniors’ residences, the timing was right to find a great operator to take on the next phase of these projects,” said Jerry Nowee, former President and CEO of Milestones Communities. “Shannex has earned a reputation for operating vibrant, safe and reliable communities and I knew they were the right fit to carry forward the work I began alongside the impressive Milestones team.”
Milestone Communities is located in West Bedford and consists of the Pemberley (85 suites) and the Highbury (71 suites), each offering living options for active seniors. Shannex will maintain and continue operations under the Milestone brand with the support of all existing employees who will continue on with the organization.
“This opportunity came at the right time, and we are honoured to add Milestone to our family of communities,” said Jason Shannon, President and COO of Shannex. “Jerry and his team have created a unique living experience in a location where there is great demand for senior living options, and we see this as just the beginning for what we can create to meet this need in the Bedford area.”
Once complete in the spring of 2023, Shannex will also assume ownership of the Highbury II, a new 76 unit adjacent supportive living residential community which is under construction.