5-27-16

O wners , D evelopers & M anagers

Real Estate Journal — Section B

www.marejournal.com

M id A tlantic

HITE PLAINS , NY —White Plains Healthcare Proper- For $39 million White Plains Institute for Rehabilitation & Healthcare, White Plains, NY White Plains Healthcare Props. I & EPIC Health- care select Congress as constructionmanager/dev. W

Assisted Living and Memory Care addition and renovation of an existing Assisted Living and Skilled Nursing facility in Windsor, VT; a 43-bed ad- dition and renovation to an occupied 135-bed Assisted Living facility in Hopkinton, MA; a 180-bed, 105,000 s/f HUD Sub Rehab of an exist- ing Skilled Nursing facility in Milwaukee, WI; a 74-bed, 64,000 s/f Assisted Living and Memory Care facility in Avon, CT; an 80-bed, 68,000 s/f Assisted Living and Mem- ory Care facility in South Windsor, CT; and an 83-bed, 76,000 s/f Assisted Living facility in Ipswich, MA, all for valued repeat clients of Congress. William Nicholson , CEO of Congress, said, “We are ex- cited and proud to have been selected for this one-of-a-kind project. We recently pub- lished a white paper speaking to the SNF of the future. This is the SNF of the future. We

are honored and grateful to work with EPIC Healthcare, one of the most progressive providers of rehabilitative services and skilled nursing care in the northeast. Lizer Jozefovic, EPIC’s CEO, is a unique visionary. Lizer and his team epitomize the future of rehabilitation and skilled nursing. His quest for quality care and his tireless efforts, attention to every detail, working with our construc- tion and design team toward planning a proactive and vital rehabilitation environment, are among the driving forces behind this project. Our rela- tionship with TAT has been ongoing and successful for over thirty years, and we are delighted to continue that collaboration on this project.” Congress will continue to work with TAT and EPIC in a project team approach which will bring the project though the preconstruction and con- struction phases. n ances, on-site storage units and on-site garage parking with video monitoring. The property is located one block from the Red Bank train sta- tion. Red Bank is located on the Navesink River approximately five miles from the Atlantic Ocean and 50 miles from New York City. Its downtown in- cludes a mix of businesses, restaurants and eclectic and luxury retailers including Tif- fany & Co. and Restoration Hardware, along with a thriv- ing arts scene anchored by the historic Count Basie Theatre. Lanni joined Kislak in 2010 and specializes in the sale of multifamily and other invest- ment properties throughout Monmouth and Ocean County. He was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a vice president in 2014. n

HI-LIGHTS May 27 - June 9, 2016 ties I, LLC and EPIC Health- care have selected Congress Building Corp. as the con- struction manager and de- veloper for its 110,000 s/f, 160-bed rehabilitation and skilled nursing facility. The $39 million dollar facility consists of 160 beds of skilled nursing, including 76 spe- cialized rehabilitation beds, 42 Alzheimer’s secure beds, and 42 long-term care beds, each on specially designed nursing units. The project Ridgeline Property Group breaks ground on 400,000 s/f Cross- roads Logistics Center

White Plains Institute for Rehabilitation & Healthcare

includes structured parking for 52 cars. Both Congress and TAT have strong track records in Rehabilitation, skilled nurs- ing, long-term care, elderly, and health care projects, hav- ing previously collaborated successfully on more than twenty such projects. The Operator, EPIC Healthcare, has demonstrated a capacity to provide quality health care in Westchester County and

the Hudson Valley region for more than twenty years. Congress has completed over 8,000 beds and over 4.5 million s/f of Health Care and Long-Term Care construction throughout the eastern United States over the past 45 years. Congress’ recent successfully completed senior living and health care projects include a 74-unit, 86,000 s/f Assisted Living fa- cility in Easton, MA; a 36-bed

Vice president Daniel Lanni represented both parties in the transaction Kislak completes $17.75 million sale of 45 new luxury units In Red Bank, NJ

RED BANK, NJ — The Kislak Company, Inc. an- nounced the recent sale of

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a new 45 - unit luxury a p a r tme n t building in d o w n t o w n Red Bank , Mo nmo u t h County for $17.75 mil- lion. Vice presi-

Elberon Development Group breaks ground on 90,000 s/f warehouse/ distribution facility

Daniel Lanni

dent Daniel Lanni repre- sented both parties in the transaction. “The market for multifamily properties remains extremely strong throughout New Jersey, particularly for new construc- tion in walkable downtowns,” said Robert Holland, president. “Red Bank is among the most desirable municipalities in central New Jersey and along the Jersey shore with one of

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45-unit luxury apartment building in downtown Red Bank and Monmouth County ac- cording to data available from CoStar.

www.marejournal.com ALSO INSIDE Green Buildings........11-15B USGBC.............................15B IREM...........................16-17B NJAA................................18B

the most vibrant downtowns. Daniel did an outstanding job marketing and selling the property for a record price.” The sale represented the highest per unit price ever paid, at $394,444, for an apart- ment building in Red Bank

The property is a class A luxury apartment building completed in 2015. Units have open floor plans with walk-in closets, stainless steel appli-

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