HJ SIMS SECURES FINANCING FOR START-UP ASSISTED LIVING AND MEMORY CARE COMMUNITY IN UNIQUE FOR-PROFIT/NOT-FOR-PROFIT COLLABORATION
HJ SIMS SECURES FINANCING FOR START-UP ASSISTED LIVING AND MEMORY CARE COMMUNITY IN UNIQUE FOR-PROFIT/NOT-FOR-PROFIT COLLABORATION
3 PagesCASE STUDY PARTNERED RIGHT ® MRC Manalapan (“MRC”) is a newly formed for-profit senior living developer, consisting of two principals, including LV Development. The owner of LV Development is the retired CEO of a major regional non-profit senior living provider, following a nearly forty-year career which included extensive work in development, operations and management. MRC is constructing a new 80 bed Assisted Living and Memory Care facility in Manalapan Township, Monmouth County, NJ, a growing region of north central New Jersey bridging the NJ Turnpike/I-95 corridor and Jersey shore communities along with Metropolitan New York. Upon completion, the community will be comprised of free-standing, single- story buildings with three “neighborhoods” of 20 semi-private and 40 p
