Certus Living Celebrates the Grand Re-Opening of The Reserve of Geneva
Geneva, IL Mayor Kevin Burns, Geneva Chamber of Commerce, and others in the community gather at ribbon cutting ceremony
October 31, 2022—Geneva, IL—Certus Living is pleased to announce the grand re-opening of The Reserve of Geneva, a boutique independent living community for the active adult age 55+ in Geneva, IL. The celebration held on October 13th featured a ribbon cutting ceremony and speakers, including Mayor Burns, Certus Living executives, and Executive Director of the community, Angela Kotschi, who cut the ribbon. Also present to celebrate the milestone were Reserve of Geneva residents and other Geneva business community members.
Certus Living, based in Minneapolis, MN, began managing the 66-unit independent living community in November of 2021 and has recently completed a campus wide renovation. Funding for the community and capital improvements has been provided by Lapis Advisers, an active investment firm with a significant focus in the senior living space. “We are excited to see the transformation occurring at the community, not just with the physical asset but more significantly with the renewed energy and culture being created,” said Basia Terrell, Managing Principal of Lapis Advisers.
When Certus began managing the community, they identified a niche for the community based on its location in the heart of Geneva, close to shopping, medical offices, walking trails and more. Certus conducted regular meetings with the resident advisory panel and quickly identified several improvements needed including the need for a highly engaged Executive Director, a dining program, and an enhanced activities program. “With Certus Living on board the changes in the last year have been dramatic.,” said Richard Lander, The Reserve non-profit board chair and resident. “Living here is more interesting and enjoyable.”
Certus also knew they would need to make significant updates to the apartments and to re-brand to a more modern and upscale product. “We are thrilled to introduce the ‘new’ Reserve,” said Will Haase, CEO of Certus Living who was present at the ribbon cutting ceremony. “The Reserve of Geneva offers the most spacious 55+ independent living apartments in Geneva. This special community also offers a classic elegance with a fun twist, and we look forward to continuing to collaborate with the community to deliver this special culture.”
“The ceremony was a big success and very well attended,” said Robyn Chione of the Geneva Chamber. “The Reserve of Geneva is a beautiful community, and we look forward to partnering with the team to build awareness and leverage the fun culture they have built.”
About The Reserve of Geneva
The Reserve of Geneva is a boutique independent living community for active adults age 55+, located in the heart of Geneva, IL. The Reserve provides an easy month-to-month rental model with no long-term contracts or buy-ins. The community caters to residents looking for a fun, active lifestyle free from the burdens of home ownership and features communal living with robust activities and dining programs. The Reserve of Geneva provides the most spacious 55+ apartments in Geneva and recently underwent significant capital improvements of the property. Learn more at: www.reserveofgeneva.com
About Certus Living
Based in Minneapolis, MN, Certus Living is a senior care operator. Certus Living takes a hands-on, direct approach to serving communities nationwide with diligence, and prides itself on helping independent living, assisted living, skilled nursing and memory care communities achieve significant, measurable, and efficient improvement. With extensive experience in maximizing operational efficiencies, providing excellent care staff, capital improvement, and development/expansion of properties, Certus Living’s aim is providing the highest quality standard of living available in the market. Learn more at www.certusliv.com.
About Lapis Advisers, LP
Founded in 2009, Lapis Advisers, LP (lapisadvisers.com) specializes in turnaround investment opportunities in the municipal bond market. Their portfolio includes performing, complex, time-sensitive, and special situation investments in the municipal arena. Their capital provides flexibility to customize borrower solutions that may not be easily served by more traditional credit providers, and their collaborative investment approach yields longstanding partnerships. Their dedication to professionalism, keen industry insight, and certainty of execution has helped their clients swiftly meet their financial needs for over a decade. Learn more at www.lapisadvisers.com
