Three Oaks Assisted Living and Memory Care

What Three Oaks Assisted Living and Memory Care does

Three Oaks Assisted Living & Memory Care is a single senior living community located at 1055 Silver Lake Road, Cary, IL 60013, operated by Spectrum Retirement Communities, LLC, a privately held Denver-headquartered developer, owner, and operator of retirement communities. The community delivers Assisted Living and Memory Care services to seniors in Cary and surrounding McHenry County, Illinois, with a core care methodology built around a Montessori-based philosophy for Memory Care that emphasizes customizing experiences around each resident's abilities, interests, and preferences rather than their cognitive limitations. As part of Spectrum Retirement's 39-community portfolio spanning eight U.S. states (Arizona, Colorado, Illinois, Kansas, Missouri, New Mexico, Ohio, and Texas), Three Oaks benefits from centralized brand, marketing, and operational infrastructure while maintaining local community-level delivery.

The community's product surface within the broader Spectrum portfolio spans Independent Living, Assisted Living, Memory Care, and Cottage Homes, enabling a continuum-of-care model in which residents can age in place as needs escalate. Three Oaks operates under the "Age Fearlessly. Live Colorfully.®" registered trademark, supported by an active multi-platform social presence (Facebook, Instagram, TikTok, YouTube) and a centralized website with community finder, virtual tours, and inquiry capture. The Memory Care offering includes 24-hour staffing and emergency response, daily specialized programming, and chef-prepared meals, with the assisted living tier providing customized daily living support, medication management, and personal care.

Revenue is generated through subscription-style monthly residency fees that bundle apartment living, utilities, maintenance, housekeeping, meals, and care services into a single recurring payment; pricing is quote-based and varies by care level (Assisted Living vs. Memory Care), apartment size, and required assistance. Go-to-market is direct-to-consumer via community tours, website inquiries, and word-of-mouth, augmented by formal healthcare provider referral relationships with hospitals, rehabilitation centers, and physicians. The parent operator, Spectrum Retirement Communities, LLC, also runs a Spectrum Acquisition Partners division responsible for new community development, acquisition and rehabilitation of existing properties, and third-party management services, and maintains a National Team partnership with the Alzheimer's Association's Walk to End Alzheimer's.

Name

Three Oaks Assisted Living and Memory Care

Legal name

Spectrum Retirement Communities, LLC

Website

https://spectrumretirement.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Three Oaks Assisted Living & Memory Care is a single Cary, Illinois senior living community operated by Spectrum Retirement Communities, LLC, providing Assisted Living and Memory Care services to local seniors via monthly subscription-based residency fees within a 39-community, 8-state portfolio.

Ownership category

akta.pro rank

Product category

Senior Living Services

NAICS

Assisted Living Facilities for the Elderly (623312), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233)

SIC

Services-Nursing & Personal Care Facilities (8050)

akta.pro industry

PRIMARYHLADABAB

Assisted Living with Memory Care (Mixed Campus)

Healthcare & Life Sciences/Elder Care & Long-Term Care/Assisted Living Facilities

SECONDARYHLADACAA

Standalone Memory Care Communities (Purpose-Built)

Healthcare & Life Sciences/Elder Care & Long-Term Care/Memory Care (Dementia/Alzheimer’s) Communities

SECONDARYHLADACAD

Continuing Care Retirement Communities (CCRC) with Memory Care

Healthcare & Life Sciences/Elder Care & Long-Term Care/Memory Care (Dementia/Alzheimer’s) Communities

Keywords

• Assisted living services
• Memory care services
• Senior living community
• Dementia care programs
• Retirement community care

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Monthly Residency Fees: Residents pay monthly fees for apartment living combined with care services. The fees vary based on care level (Assisted Living vs Memory Care), apartment size, and required assistance. The model includes utilities, maintenance, housekeeping, meals, and care services bundled into monthly payments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Three Oaks Assisted Living and Memory Care operates a senior living community in Cary, Illinois providing Assisted Living and Memory Care services to seniors. Residents receive customized daily living support, 24-hour staffing and emergency response, chef-prepared meals, daily activities, utilities, housekeeping, and maintenance bundled into monthly residency fees. Memory Care is delivered using a Montessori-based philosophy tailored to the abilities, interests, and preferences of residents with dementia.

Product overview

Three Oaks Assisted Living & Memory Care is part of the Spectrum Retirement Communities portfolio, offering a comprehensive suite of senior living options including Independent Living, Assisted Living, and Memory Care services. The community provides a continuum of care designed to support seniors through different stages of aging, from active independent living to specialized memory care support. As part of the broader Spectrum network, residents have access to shared amenities, dining programs, and wellness activities. The community operates under Spectrum Retirement Communities, LLC, a leading developer, owner, and operator of retirement communities across multiple U.S. states.

Differentiator

Problem solved

Functional benefit

Brands

• Spectrum Acquisition Partners: A division of Spectrum Retirement Communities, LLC that handles new community design and construction, purchases and rehabilitates existing senior living communities, and provides third-party management services.
• Spectrum Retirement Communities

Products and services

• Three Oaks Assisted Living and Memory Care (Cary, IL Community) A senior living community located at 1055 Silver Lake Road, Cary, IL 60013, providing Assisted Living and Memory Care services to seniors in Cary and the surrounding McHenry County area as part of Spectrum Retirement Communities, LLC.
• Assisted Living

Quantifiable outcome

• Combined efforts of residents, team members, and families raised more than $66,000 toward finding a cure for Alzheimer's

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Alzheimer's AssociationcoreStrategic or Co-development PartnerSpectrum Retirement Communities is a National Team for the Alzheimer's Association's Walk to End Alzheimer's. The company is committed to fighting to end Alzheimer's disease, with combined efforts of residents, team members, neighbors, friends, and families raising more than $66,000 toward finding a cure. This partnership demonstrates community involvement and support for families affected by dementia.

Scale indicators2 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Sonida Senior Living: Operator of assisted living and memory care communities across the U.S. Comparable to Three Oaks on AL/MC service mix, recurring monthly residency fees, and multi-state community footprint.
• Belmont Village Senior Living: Operator of assisted living and memory care communities known for proprietary memory programs and a strong dining/engagement brand. Direct peer to Three Oaks on premium, programming-led assisted living and memory care positioning.
• Discovery Senior Living: Senior living management and operating company running assisted living and memory care communities across multiple states. Closely comparable to Spectrum on portfolio operating model, service mix, and private-pay revenue structure.
• Five Star Senior Living: Operator of senior living communities providing independent living, assisted living, and memory care. Comparable to Spectrum / Three Oaks on multi-tier service offering, recurring monthly fees, and community-level operating model across multiple states.
• Senior Lifestyle: Mid-sized senior living operator offering independent living, assisted living, and memory care. Comparable to Spectrum Retirement on multi-state platform size, care-level breadth, and community-based operating model.
• Atria Senior Living: Major operator of assisted living and memory care communities across the U.S. Competes directly with Three Oaks on care services, private-pay model, and dining/programming-led differentiation, including signature memory care programs.
• Brookdale Senior Living: Largest U.S. senior living operator with a national portfolio of assisted living and memory care communities. Directly comparable to Spectrum Retirement / Three Oaks on service mix (AL and MC), customer base (seniors and their families), and recurring monthly-fee revenue model, though at significantly greater scale.
• Sunrise Senior Living: Established U.S. operator offering assisted living, memory care, and independent living with strong clinical and dementia-care programming. Direct peer to Three Oaks on care tiers, private-pay model, and emphasis on personalized memory care services.
• Enlivant: Senior living operator focused on assisted living and memory care communities across the U.S. Competes head-to-head with Three Oaks on dementia-care specialization, private-pay residents, and community-level operations.

Broad incumbents

• Welltower: Healthcare REIT that owns senior living operating properties and partners with operators including major AL/MC providers. Related to Three Oaks as the dominant capital partner/infrastructure provider for the senior living operating model Spectrum participates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCRZCF-pqKwDnv77T7OscOVA
• Facebookfacebook.com/SpectrumRetirement
• Instagraminstagram.com/spectrumretirementcommunities
• TikToktiktok.com/@srcommunities
• LinkedInlinkedin.com/company/spectrum-retirement-communities-llc-

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Three Oaks Assisted Living and Memory Care