Vestar Development Co. Hires Bob Cavanaugh to Spearhead Acquistions Strategy

                       

PHOENIX, AZ,  OCT. 25, 2011 – Vestar Development Company, one of the leading privately held real estate companies in the western United States, has hired Bob Cavanaugh (top right photo) as Chief Investment Officer.

 Based in the firm’s Phoenix headquarters, Cavanaugh will be responsible for overseeing the raising of third-party equity capital, identifying investment opportunities and structuring joint ventures in pursuit of achieving the firm’s overall investment goals.

“Bob’s investment experience, industry relationships and track record in completing commercial real estate transactions will be invaluable to our firm,” said Rick Kuhle (lower left photo) President of Vestar Development.  “We believe that now is a great time to invest in commercial real estate and we are actively looking for value-added opportunities in the Southwest and West.”

 Cavanaugh comes to Vestar with a wealth of experience in commercial real estate investment and finance.  Prior to joining Vestar, he served as managing director for DLJ Real Estate Capital Partners where he was oversaw all aspects of the firm’s real estate private equity business in the Western United States.  Throughout his 25 year career, he has worked as a commercial real estate executive with Deutsche Bank Securities, LaSalle Partners and Goldman, Sachs and Co. 

Cavanaugh earned a Master’s degree in Business Administration with an emphasis in real estate and management from The Harvard Business School and a Bachelor of Science degree in finance and accounting from University of Pennsylvania’s Wharton School of Business.  He is a member of Urban Land Institute, Real Estate Investment Advisory Council and NAREIT.  He also serves on the boards of The Hershey Company, the Hershey Trust Company and the Neighborhood Youth Association.

For more information, please visit http://www.vestar.com/.

Contact:  David Ebeling, Ebeling Communications, (949) 278-7851

david@ebelingcomm.com

                       

Lake Foy Apartments in Deltona, FL Fetches $520,000 in a Marcus & Millichap Sale

  

  DELTONA, FL,  Oct. 24, 11 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of Lake Foy Apartments (top left photo), a 20-unit apartments community located in Deltona, Fla., according to Bryn D. Merrey, vice president and regional manager of the firm’s Tampa office. The sales price of $520,000 represents $29 per square foot.

Michael Donaldson, a multifamily specialist in Marcus & Millichap’s Tampa office, had the exclusive listing to market the property on behalf of the seller, a Georgia-based financial institution.  The listing agent also secured the buyer of the property, a private investor from Orlando.  

Lake Foy Apartments was built in 1986 and is located at 100-500 Meyer Court.  This offering consists of five buildings of masonry construction, resting on a total of .85 acres, with frontage to a small retention lake known as Lake Foy.  Units are a mix of two-bedroom and two-bathroom units of approximately 900 square feet, one of the most popular floor plans in the submarket.  Each unit features central HVAC units, refrigerator, dishwasher, range and washer/dryer connections.

“This transaction represented a unique opportunity for a buyer to capitalize on a rare mid 80s-built complex with frontage to a lake, in one of the best locations in the Deltona market.” says Donaldson. “While the property had above-normal vacancy, the units had been extensively renovated and should attain or exceed the market occupancy due to the superior amenities and finishings found in the units.”

 Press Contact:  Bryn D. Merrey, Vice President and Regional Manager, Tampa

(813) 387-4700

www.MarcusMillichap.com

HFF closes $42.5 million loan sale secured by Smith Tower & the Florence Building in Seattle, WA

 SAN FRANCISCO, CA  – HFF announced today that it has closed a loan sale secured by Smith Tower (top left photo) an iconic 42-story, 263,807-square-foot office tower, and the Florence Building, a two-story 7,829-square-foot office building located in Seattle, Washington.

HFF marketed the A and B mortgage notes on behalf of the seller, Münchener Hypothekenbank, one of Germany’s leading co-operative banks.   CBRE Capital Partners purchased the loans.

Smith Tower is located at 506 2nd Avenue in the historic Pioneer Square submarket of downtown Seattle.  Originally built in 1914, the property is listed on the National Register of Historic Places and is a City of Seattle landmark.

 The property underwent an extensive $28.0 million renovation in 2000 that included numerous upgrades and replacement of the building’s systems.  At the time of the note sale, Smith Tower was 20 percent leased to a variety of national and local tenants.

The HFF team representing Munchener Hypothekenbank included senior managing directors Gerry Rohm (middle right photo) and Michael Leggett  (lower left photo). 

“The significant interest in the sale of these non-performing notes demonstrated investor appetite for debt secured by high-quality real estate in a core West Coast market, which continues to experience growth from the technology sector despite the uncertainly of the U.S. economy,” said Rohm.

Münchener Hypothekenbank is one of Germany’s leading co-operative banks based in Munich, Germany with assets under management exceeding approx. $47.0 billion.  The bank was founded as a co-operative bank in 1896. Its two core businesses are private property financing and commercial property financing.  Münchener Hypothekenbank is also an active and internationally renowned issuer in the Pfandbriefe market 

CBRE Capital Partners is the real estate debt investment platform of CB Richard Ellis Investors, a global real estate investment management firm with approximately $63.6 billion in assets under management. CB Richard Ellis Investors sponsors investment programs across the risk/return spectrum for investors worldwide.

Contacts:

Gerry Rohm, HFF Senior Managing Director, (415) 276-6935, grohm@hfflp.com                                                                            

Michael Leggett, HFF Senior Managing Director, (415) 276-6300, mleggett@hfflp.com                                                                         

Kristen Murphy, HFF Associate Director, Marketing, (713) 852-3500                         

krmurphy@hfflp.com         

Cassidy Turley Brokers Sale of Shopping Center in Scottsboro, AL

ATLANTA, GA, Oct. 24, 2011 -- Cassidy Turley, a leading commercial real estate services provider in the U.S., recently brokered the sale of a 60,000-square-foot shopping center in Scottsboro, Ala.

The center, County Park Plaza (top left photo), is 95 percent leased. Its anchor tenants are Aaron’s Sales & Leasing and Food World, a grocery chain owned by Southern Family Markets, which also owns the Piggly Wiggly chain.

 The shopping center sold for a price close to the asking price of $2.86 million.

Cassidy Turley’s Vice Presidents Drew Fleming (middle right photo) and Mark Joines (lower left photo) represented the seller, RCG Ventures, LLC. The buyer, a private equity group based in Atlanta, did not use a broker.

 “The transaction was driven by the fact the center is anchored by a well-performing grocer and is good fundamental real estate in a growing market,” said Fleming.

 “The shopping center is located near Alabama’s largest recreational lake, Lake Guntersville, and backs up to the Tennessee River, destinations that attract visitors who shop at the center.”

Please visit http://www.cassidyturley.com/ for more information about Cassidy Turley.

Contact:

Laura Dudebout

O: 404.965.5023

C: 678.642.4301

ldudebout@wnspr.com

CalPERS Announces Appointment of Customer Account Services Division Chief

SACRAMENTO, CA – The California Public Employees’ Retirement System (CalPERS) today announced the appointment of Karen DeFrank  as Chief of the pension fund’s Customer Account Services Division (CASD).

CASD serves CalPERS members and employers as the single point of contact for account management for retirement and health programs. DeFrank will ensure that vital member and employer services such as payroll processing, compensation review, health open enrollment and annual member statements are managed as efficiently and effectively as possible.

“A member who is about to retire, or the employer with contract questions both want accurate answers delivered quickly. Karen’s proven experience and leadership in developing excellent customer service procedures will be an invaluable asset to the CASD team and the service they provide,” said Donna Lum (top right photo) CalPERS Deputy Executive Officer for Customer Services and Support.

  

DeFrank will perform long- and short-range planning for division workloads, and develop staffing plans to maintain optimal service delivery. She is responsible for interpreting retirement laws, rules and policies that govern employers. She will also represent CalPERS on matters relating to Retirement and Health Account Management in front of the legislature and in other public forums.

Previously, DeFrank demonstrated her strong leadership and management skills as Project Manager of the Public Employees Readiness Team (PERT) for the my|CalPERS Pension System Resumption (PSR) project, increasing educational methods and opportunities to keep our business partners engaged in the my|CalPERS implementation process. DeFrank also served as the Assistant Division Chief to the Employer Services Division with direct oversight of several units that are included in her new assignment.

DeFrank received her Bachelor of Science Degree in Agricultural Economics and Business Management from the University of California, Davis.

CalPERS is the nation’s largest public pension fund, with approximately $225 billion in assets. It administers retirement benefits for more than 1.6 million active and retired State, public, school and local public employees and their families, and health benefits for more than 1.3 million enrollees.

More information about CalPERS is available online at www.calpers.ca.gov.

Contact:

External Affairs Branch

(916) 795-3991

Robert Udall Glazier, Deputy Executive Officer

Brad Pacheco, Chief, Office of Public Affairs

Contact: Amy Norris, Information Officer

pressroom@calpers.ca.gov

Virgin Hotels Announces Purchase of Chicago Property

 CHICAGO, IL, Oct. 24, 2011—Virgin Hotels, a new four-star lifestyle hotel brand, announced that its property venture has purchased the Old Dearborn Bank Building (top left photo) in downtown Chicago in an all-cash transaction.  Virgin Hotels will convert the former office building and expects to re-open it as Virgin Hotel Chicago in the fall of 2013. 

The 27-story Art Deco building, a Chicago landmark designed by C.W. and George L. Rapp Architects in 1928, has significant historic and architectural features that will be restored and recreated.

Located at 203 N. Wabash Avenue, at the corner of Wabash and Lake, the property is in the heart of Chicago’s Loop. The new hotel will have 250 guest rooms and feature meeting spaces, restaurants, lounges and other public areas that reflect the Virgin brand’s stylish and functional legacy. 

“This transaction is a first step towards our goal of building a portfolio of hotels that anticipate and respond to the needs of today’s travelers and set a new standard for the industry,” said Anthony Marino (top right photo), Managing Partner, Leisure and Hospitality, Virgin Group and head of Virgin Hotels. “The Virgin Hotels team is focused on finding the best locations and strongest partners to bring Virgin’s product vision to life for our 60 million customers around the world."

Virgin Hotels President and COO Raul Lea (middle left photo)l said, “Chicago is a top destination for pleasure and business, with all the qualities we look for in Virgin Hotels locations: it’s economically vibrant, culturally exciting, and a sports and entertainment hub. But it also has a world-renowned architectural heritage, and we are eager to contribute to its continued acclaim.”

Virgin Hotels has selected The John Buck Company to execute the redevelopment of the iconic Dearborn Bank Building. Marino said, "The John Buck Company offers a unique blend of local knowledge, global perspective and strong execution, a combination we're looking for in partners for our other locations.”

“We are thrilled to be able to partner with Virgin Hotels to revitalize this beautiful landmark building and to create an exciting new hotel destination in downtown Chicago,” said Jack Buck (lower right photo), Principal, The John Buck Company.

Virgin Hotels has an active pipeline of properties in gateway cities, including Los Angeles, Miami, New York, San Francisco, Washington DC, and London, locations where Virgin Hotels is pursuing hotel and office conversions, as well as ground-up development.  “As a result of our anticipated development growth, it is highly likely that one or more Virgin Hotels will open before Virgin Hotel Chicago,” said Marino. “We are ready to respond to the growing number of unique real estate and repositioning opportunities generated by the current environment.”

Virgin Hotels was launched in September 2010 with plans to develop and operate gateway city hotels with 150 to 400 guest rooms, restaurants, and public spaces.  The brand is designed to attract the same highly-valued business and leisure traveler whose loyalty Virgin has captured over the last 25 years.

About Virgin Hotels

Virgin Hotels is a new four-star lifestyle hotel brand in its initial development stage of acquiring properties in the U.S.  The group seeks new development and conversions of existing hotels or office properties in major urban markets.  Parties interested in partnering with Virgin Hotels may contact the company at http://www.virginhotels.com/ or (212) 966-2310.

  

 For more information, please visit: http://www.tjbc.com/.

 Contact:

Jerry Daly or Chris Daly, media,  Daly Gray, Inc, (703) 435 6293 

 jerry@dalygray.com or chris@dalygray.com                        

W. Christine Choi, Virgin Management USA, Inc. (212) 497-9059

Christine.Choi@virginusa.com

Grubb & Ellis Presents Chicago Office Market Trends Third Quarter 2011

  

CHICAGO, IL -- The following summary is designed to provide a brief overview of the Chicago metro office and market during the third quarter of 2011. 

 The Chicago office market continued to improve in the third quarter as vacancy dropped 80 basis points to 19.3 percent overall. 

(Downtown retail district top left photo)

o    Vacancy in Chicago’s CBD decreased 60 basis points to 16 percent in the third quarter.  Five leases were signed for more than 100,000 square feet in the CBD during the same time period.

The market recorded nearly 2 million square feet of positive net absorption, bringing the year-to-date total to more than 2.6 million square feet absorbed. 

The only submarket to post negative net absorption was North Michigan Avenue, where 75,782 square feet of space was put back on the market. 

Asking rental rates for Class A space averaged $29.23 per square foot in the third quarter, down $0.02 from the previous quarter.  During the same time, asking rental rates for Class B space declined $0.30 to $23.98 per square foot. 

(O'Hare International Airport lower left photo)

Approximately 5.9 million square feet of sublease space remained available in the region at the end of the quarter, a 600,500-square-foot reduction from the second quarter. 

Key transactions of the third quarter include Fifth Third Bank’s renewal and expansion for a total of 218,135 square feet at 222 S. Riverside Plaza. 

Additionally, State Farm Insurance renewed its lease of 132,520 square feet at 1400 Opus Place in Downers Grove. 

Analysis and Forecast:

National economic concerns, an increase in the state and local unemployment rates and layoff announcements have caused concerned in the Chicago area.  Local unemployment increased 70 basis points to 10.4 percent between April and August. 

As a result of this uncertainty, the local office market is expected to see a setback in improvement into 2012.  Asking rental rates will likely remain flat as the layoffs remain a concern.  Companies with large office space requirements are expected to support the CBD and suburban leasing market throughout 2011.

 To access the full Chicago Metro Trends reports and other Grubb & Ellis research publications, visit www.grubb-ellis.com/research.

For more information or to speak with one of the company’s local market experts, please contact Damon Elder at 714.975.2659 or via email at damon.elder@grubb-ellis.com.

The Westin Xian Will Soon Rejuvenate China’s Eternal City in December 2011

 Shaanxi Province, CHINA —Westin Hotels & Resorts today announces that The Westin Xian (top left photo) will open December 1, 2011, marking the entry of the Westin brand into the Shaanxi province of China and one of the four major ancient civilizations in the world, along with Athens, Cairo and Rome.

“We are delighted to introduce the Westin brand to Xian! The location of this hotel in one of the most important cities in Chinese history (Xian has often been lauded the national history museum of China) also reinforces Westin's positioning around personal renewal by offering guests the services, products and amenities that allow them to relax and rejuvenate during their stay,” said Magdy Anis, General Manager of The Westin Xian.

Hwee Peng Yeo

Director of Asian Markets

Glodow Nead Communications

Level 21, Centennial Tower

3 Temasek Avenue

Singapore 039190

Contact:

Grubb & Ellis Marketing New 398,000 SF Speculative Development in Chino, CA by The Carson Companies

  

ONTARIO, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm,  announced that The Carson Companies retained Mark Kegans (top right photo), SIOR, and Ron Washle (middle left photo), SIOR, senior vice presidents, Industrial Group, and members of the company’s Global Logistics practice group, as the leasing agents of 16043 El Prado Road, an approximately 398,000-square-foot speculative industrial development within the Chino South Business Park in Chino.

 The cross dock loading facility is planned for LEED® certification with the U.S. Green Building Council and will include a minimum of a 32-foot clear height, 75 dock-high doors and two ground-level doors.

 The property spans 18.7 acres of land within the 142-acre Chino South Business Park and currently offers 100 trailer parking positions with the ability to expand to accommodate an additional 90 trailers.  The project broke ground in early September and is scheduled for completion first quarter 2012. 

 “This is one of the first speculative industrial developments in the western Inland Empire for quite some time,” said Kegans.  “It offers users an opportunity to locate to a new facility located within a well-developed business park.”

 For leasing information, call 909.605.1100, or contact Kegans at mark.kegans@grubb-ellis.com, or Washle at ron.washle@grubb-ellis.com. 

 Media Contact: Julia McCartney, Phone: 714.975.2230                                     

Email: julia.mccartney@grubbellis.com                                                                                                              

Cousins Properties Declares Fourth Quarter Preferred Stock Dividends

 ATLANTA, GA-- Cousins Properties Incorporated (NYSE: CUZ) announced that its Board of Directors has declared a regular quarterly cash dividend on its Series A Cumulative Redeemable Preferred Stock.

The dividend of $0.484375 per share, or $1.9375 on an annualized basis, is payable November 15, 2011, to Series A preferred stockholders of record on November 1, 2011.

The Board of Directors has also declared a regular quarterly cash dividend on its Series B Cumulative Redeemable Preferred Stock. The dividend of $0.46875 per share, or $1.875 on an annualized basis, is payable November 15, 2011, to Series B preferred stockholders of record on November 1, 2011.

The Company also announced that it expects to declare its regular quarterly common dividend in mid-November 2011, to be paid in late December 2011. The timing of the fourth quarter 2011 common dividend is consistent with the Company’s historic practice for all cash dividends.

Contact: Cameron Golden, 404-407-1984

Director of Investor Relations and Corporate Communications

camerongolden@cousinsproperties.com

http://www.cousinsproperties.com/

Southern Commercial Completes Over $20 Million in Third-Quarter Central Florida Transactions

  

ORLANDO, FL --  Southern Commercial Real Estate Advisors completed $20,000,000 in lease and sale transactions totaling over 640,000 SF during 3rd quarter of 2011.  

Southern Commercial recently completed transactions with Signature Brands for 120,400 SF, Barr Display for 56,125 SF, Standard Register for 36,700 SF, Alpha Logistics for 28,000 SF, Melco for 22,508 SF,  Johnson Wholesale Floors for 18,000 SF, and STAT Imaging for 17,568 SF to name a few.

Media Contact:  Celeste MacKenzie, 321-281-8503, cmackenzie@southerncommercialre.com                                   

Fitch: Corrected U.S. CMBS Loans Leaving Investors Guessing

NEW YORK, NY--Many  specially serviced U.S. CMBS loans are returning to performing status without  current  financial  data,  leaving  investors in the dark over the property’s  performance, according to Fitch Ratings in its latest U.S. CMBS newsletter.

Fitch  reviewed  a  slew of loans that returned to master servicing in July

and  August  and  found limited financial reporting since prior to the loan

transferring  to special servicing. Fitch also found that approximately 60%

of  the  loans  in  special servicing classified as current on debt service

payments have not reported year-end 2010 financial data.

'That   special  servicers  are  not  collecting  operating  statements  on

specially  serviced loans and reporting them through the master servicer is

disconcerting,' said Adam Fox, Senior Director.

 Fitch has asked several of the larger special servicers to provide business plans for a sample of recently corrected loans where recent financials were not reported.

Additional  information  is available in Fitch's weekly e-newsletter, 'U.S. CMBS  Market  Trends',  which  also  contains  recent rating actions and an overview  of  newly  released  CMBS  research, including Fitch presales and Focus  reports.  The  link  below enables market participants to sign up to receive future issues of the E-newsletter:

 

'http://www.magnetmail.net/forms/display_form.cfm?fid=22908&mid=929091&rid=297925736&rtype=mm&uid=Fitch

Contact:

Adam Fox

Senior Director

+1-212-908-0869

Fitch, Inc., One State Street Plaza, New York, NY 10004

Mary MacNeill

Managing Director

+1-212-908-0785

Media   Relations:   Sandro   Scenga,   New  York,  Tel:  +1  212-908-0278:

sandro.scenga@fitchratings.com.

Additional information is available at http://www.fitchratings.com/

IPA Sells 100-Unit Canyon Heights Apartments in Oceanside, CA

 OCEANSIDE, CA– Institutional Property Advisors (IPA), a recently formed multifamily brokerage division of Marcus & Millichap serving the needs of institutional and major private investors, has negotiated the sale of Canyon Heights Apartments (top left photo), an 81,400-square foot multifamily community in Oceanside. The terms of the sale were not disclosed.

IPA’s Stewart Weston (middle right photo), a senior vice presidents investments in Long Beach and Chris Zorbas, a vice president investments in San Diego office of Marcus & Millichap, represented the seller. The buyer, San Francisco-based Fowler Property Acquisitions, was also represented by Weston and Zorbas. IPA is a division of Marcus & Millichap Real Estate Investment Services.

“There is tremendous demand for larger multifamily assets in San Diego County, and these opportunities are rare in this supply constrained market” says Weston. “Canyon Heights Apartments is just minutes from the beach, providing an affordable living option for this coastal community.”

“The low cost of capital has brought a number of out-of-area buyers to the market,” adds Zorbas. “The rental market has tightened recently, and as a result, concessions are leaving the market.”

Located at 180 Canyon Drive, just off Mission Avenue, the property is easily accessible from Interstate 5 and California state routes 76 and 78.

 Canyon Heights Apartments has a unit mix of 20 one-bedroom units and 80 two-bedroom apartments. The property features a resort-style swimming pool, a playground, controlled access and on-site laundry facilities.

 Contact: Stacey Corso, Public Relations Manager, (925) 953-1716 www.InstitutionalPropertyAdvisors.com

$31 Million Apartment Complex in Glendale Heights, IL Listed by Marcus & Millichap

GLENDALE HEIGHTS, IL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has received the exclusive listing for Stonegate Apartments (top left photo), an 11-building  420-unit apartment complex in Glendale Heights. The listing price of $31 million equates to $73,810 per unit.

 Nicholas Manganais, an associate vice president investments, and David Tarnoff, a vice president investments, both in Marcus & Millichap’s Chicago office, are representing the seller, Stonegate Venture Corporation.

The apartment complex is located with frontage along heavily traveled Glen Ellyn Road, at the intersection of Gregory Avenue, approximately 24 miles west of Chicago in DuPage County.

Stonegate Apartments was built in 1976 and renovated in 2006. All units have new sprinklers and smoke and carbon monoxide detectors. The complex features landlord-supplied gas for heating and cooking, ample parking and mature landscaping with multiple green open areas. 

“Stonegate Apartments’ convenient location, strong demographics, admirably well-cared-for physical condition, high occupancy and solid operations make this a compelling acquisition opportunity that will serve an investor well for many years to come,” says Manganais.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716

Marcus & Millichap Sells $52 Million Seniors Housing Portfolio

CHICAGO, Oct. 17, 2011 – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has closed the sale of a three-property seniors housing portfolio in Indiana. The properties were sold $52 million. They are:

• Forest Creek Commons, 122 units, Indianapolis
• North Woods Commons, 114 units, Kokomo
• Covington Commons, 154 units, Fort Wayne (top left photo)

 Mark Myers (middle right photo), a senior vice president investments in Marcus & Millichap’s Chicago office, Christopher Hyldahl, a senior associate in the firm’s West Los Angeles office, and Joshua Jandris, a seniors housing property specialist in Chicago, represented the seller, BAI of Indiana, and the buyer, Five Star Quality Care Inc.

Joshua Caruana (lower left photo), of Marcus & Millichap’s Indianapolis office, is the firm’s broker of record in Indiana.

“These properties are institutional-quality real estate with strong existing cash flows,” says Myers. “Their acuity levels, physical makeup and locations are uniquely positioned to maximize demand and value within their respective upper-middle class markets. Each property has sustained occupancy levels greater than 90 percent,” adds Myers.

Forest Creek Commons is a single-story apartment building located on the south side of Indianapolis on U.S. Highway 31, south of Interstate 465. The property serves St. Francis Hospital’s Indianapolis campuses and Community Hospital South. The facility has 56 studios, 28 one-bedroom apartments and 38 two-bedroom apartments. The assisted-living portion of the property was constructed in 1995 and an addition was built in 2006. The garden homes were constructed in phases from 1996 to 1998.

North Woods Commons is a single-story apartment building located on the northwest side of Kokomo next to the Howard Regional Health Specialty Hospital and is within one-half mile of the St. Joseph Hospital campus. The property features 50 studios, 42 one-bedroom units and 22 garden homes on an approximately five-acre campus. The assisted living section was constructed in 1997 and added on to in 1998. The garden homes were built in two phases in 1998 and 2005.

Covington Commons features 64 studios, 24 one-bedroom units and 48 two bedroom garden homes on an approximately 12-acre campus. The single-story apartment building is located on the southwest side of Fort Wayne, just east of Interstate 69, near the new Lutheran Hospital campus. The facility serves the south and west sides of greater Fort Wayne.

The three apartment communities all provide a full range of congregate services, including restaurant-style all-day meal service, transportation, housekeeping, flat linen service, activities and common area amenities. The apartment units address the needs of seniors who don’t require full-time skilled nursing care, but do require assistance with dining, dressing, bathing, medication setup and reminders and other daily activities.

Contact: Stacey Corso, Public Relations Manager, (925) 953-1716