Tryko Partners has expanded its Maryland skilled nursing and assisted living real estate portfolio with the acquisition of Brighton Gardens of Tuckerman Lane in Rockville, Maryland, and Sunrise of Carroll in Westminster, Maryland. Both properties are being rebranded and renamed, with capital improvement programs set to begin imminently.
“We know this market area well and are pleased to grow our investment footprint in a region where we have an established presence – one that offers exceptional demographics and top-notch hospital networks,” says Uri Kahanow, director of acquisitions, Tryko. “The facilities fit well with our strategic growth in key Mid-Atlantic locations and across the full continuum of care.”
Brighton Gardens of Tuckerman Lane is a 140-bed assisted living and skilled nursing community – with the two components renamed The Terraces at Tuckerman Lane and Tuckerman Rehabilitation & Healthcare Center, respectively. According to Kahanow, an immediate, multi-million-dollar modernization of the property is planned, including the introduction of a secure memory care unit.
The Terraces at Westminster is a 62-bed assisted living and memory care community. Developed in 1999. The two-story structure was originally a historic mansion. The facility, which sits in a residential and commercial blended neighborhood, is just a few hundred feet from the Westminster Senior Center and Carroll Hospital.
Case Study: How NYU Langone Rebuilt for Resilience After Superstorm Sandy
Frederick Health Hospital Faces 5 Lawsuits Following Ransomware Attack
Arkansas Methodist Medical Center and Baptist Memorial Health Care to Merge
Ground Broken on Intermountain Saratoga Springs Multi-Specialty Clinic
Electrical Fire Tests Resilience of Massachusetts Hospital