Amerinvest is a majority partner (94% ownership) of Prairie Village
which is a retirement community developed to meet the needs of senior citizens who want to maintain an independent lifestyle in an environment with many services provided on the premises.
Prairie Village is a joint venture with the Chanute Investment, Inc. which is headquartered and operates in the Chicago area. Prairie Village has been in operation since 1995. By the end of 1997, Prairie Village had completed remodeling of 268 apartments in one of its two buildings.
Of these 268 apartments, 75 are studios, 171 are one-bedroom apartments and 22 are two-bedroom apartments. Our first phase remodeling and development cost a total of more than $6 million at the time. In the last few years, Prairie Village has become well established and very successful.
Since 2005 Prairie Village partners have further invested $3.5 million to upgrade the facility to a 76 unit licensed Assisted Living facility and constructed a licensed 19 unit Support Living wing for memory loss care. In May of 2008 we received our Assisted Living licensure and in April 2012 we were awarded our Supported Living license and have been operating as a three level care facility, i.e. the independent, assisted living and supported living/memory loss retirement center.