Gold Coast-based Eureka Group completed the deal to buy five Tasmanian seniors villages, including two in Launceston, on Monday.
The two Launceston villages, formerly owned by Ingenia, will now be known as Eureka Gardens Elphinwood and Eureka Gardens Launceston.
All five of the Tasmanian properties offer affordable rental housing for seniors.
Eureka Group operations manager Andrew Heyer said there would be limited change for residents in light of the changeover.
“It’s just going to be business as usual,” he said.
“There’s scope to hopefully offer improvements for the residents, but traditionally our acquisition process sees us implement few procedural changes.”
Mr Heyer visited the newly minted Eureka Launceston properties on Tuesday.
“We recognise Tasmania as a great marketplace and a nice area for us to be able to offer our rental model for seniors down here,” he said.
The $18 million purchase was announced in March.