Greenfield Senior Living Inc. Expands Into Joint Venture with Care Investment Trust LLC for Newly Renovated Senior Living Community in Pennsylvania
January 9, 2017
Greenfield Senior Living (“Greenfield”) expanded its strong relationship with Care Investment Trust LLC ("Care"), a real estate investment company focused exclusively on the seniors housing sector, with the acquisition of Spring Meadows of Lansdale (to be known as “Greenfield Senior Living of Lansdale”). The newly renovated personal care and memory care community has 120 units and 150 licensed beds. Greenfield intends to grow census, and to transform the senior living experience for current and future residents through Greenfield’s signature programs and services.
Greenfield of Lansdale is a fully renovated community that consists of 64 personal care units and 56 memory care units. The community boasts a 7,500 square foot “Town Square,” where residents and families can gather and engage in various activities. This innovative central area connects key design elements from significant United States landmarks to help make every resident feels immediately at home. In addition to this unique space and advanced approach to community layout, Greenfield will add key care components and award-winning leadership models.
Mathew Peponis, Chief Executive Officer of Greenfield, stated “Greenfield Senior Living is honored to grow its relationship with Care. We are excited that the families and residents of Lansdale will now be enjoying the Greenfield signature experience. With our innovative programs and unique medical model of care, we will continue to transform the experience of senior living.”
Salvatore (Torey) Riso, President and Chief Executive Officer of Care, remarked, “Care is extremely pleased to partner with Greenfield once again. Having started our partnership with Greenfield in 2011, this most recent collaboration in Lansdale is confirmation that we can build a portfolio of communities that is beneficial for residents, staff, and the communities that we serve. Care is looking forward to continued growth with Greenfield in 2017 and well beyond.”
Greenfield Senior Living currently operates 20 communities with several in the Pennsylvania region, the closest being Greenfield Senior Living of Perkiomen Valley in Schwenksville, PA. Greenfield has an exceptional reputation for dedicating its time and heart to transforming the senior living experience, and creating an atmosphere where seniors feel honored and celebrated. Care owns 30 communities across the country, including 6 in Pennsylvania and 13 of which are managed or operated by Greenfield.
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