To date, Louis F. Garrard V, has developed or acquired nine seniors housing properties in Florida, South Carolina and Tennessee. Grace Manor is the Mainstay Financial Services original brand, and represents regionally-focused assisted living and memory care facilities currently under operation. All of Mainstay’s developments feature the latest in building design for seniors while offering the latest research in care and treatment. Mr. Garrard’s approach is to focus on caring for residents as if they were family, as is reflected in the Mainstay motto,“Family Caring for Families.”
The first property Mainstay purchased was Grace Manor at Lake Morton, a 50-unit assisted living and memory care facility in the historic downtown district of Lakeland, Florida. Mr. Garrard purchased the property, which had served the community for more than 35 years. He oversaw a full-scale renovation of the facility while at the same time preserving the building’s presence on the city’s historical registry.
The second property to exhibit the Grace Manor brand was located in Port Orange, Florida. Mr. Garrard identified the location and oversaw the complete renovation and the addition of Care Coves to the existing facility. Mr. Garrard was part-owner in this facility and oversaw guiding market growth. The facility was sold; however, the development laid the foundation for Mr. Garrard’s knowledge of the Daytona Beach market, and was instrumental in the search to identify another property in the area for acquisition.
Grace Manor Suites was the third acquisition and renovation for Mainstay. Also located in Lakeland, Florida, Grace Manor Suites was once a former hotel converted into an upscale, 77-unit assisted living and memory care facility.
The fourth acquisition was Grace Manor Hunter’s Creek in Plant City, Florida near Tampa. Hunter’s Creek consists of approximately 48, two and three-bedroom residences and features a community pool and clubhouse. Additional acquisitions by Mainstay are The Manor at Lake Jackson, Sebring, Florida; Magnolia Manor Daytona Beach, Florida; Osprey Manor, Lakeland, Florida; and Wellington Manor, Newport, Tennessee.