MedCore Partners expands senior living portfolio with acquisition of two Michigan communities
MedCore Partners, in collaboration with REDICO/American House, has successfully completed the acquisition of two senior living communities located in Troy and Rochester Hills, Michigan. These communities, now branded as American House Somerset and American House Hampton Village, signify a strategic expansion of MedCore’s senior living portfolio into the Michigan market. Brian Bollich, a founding partner at MedCore, expressed enthusiasm about the partnership, stating, “MedCore is excited to partner with American House and to expand its existing senior living portfolio to now include Michigan. This purchase highlights our investment program of purchasing value-add opportunities with significant location upside, strong cash flow, and operational improvements.”
The acquisition strategically positions the new assets near essential healthcare services and various recreational and lifestyle amenities, which are anticipated to drive steady value enhancement for these properties. The communities are set to benefit from their central locations, which will facilitate easy access for residents to essential services and enrich their living experience.
With this latest acquisition, MedCore Partners extends its reach to nine states and 22 assets, encompassing approximately 2,700 beds. American House, tasked with the operation of these communities, is an established entity in the senior living sector, currently managing over sixty communities across the Midwest, Southeast, and New England. This expansion reflects MedCore’s commitment to growing its presence in the senior living market while ensuring high standards of care and service are maintained.
Dallas-based MedCore Partners is a full-service real estate company dedicated exclusively to the healthcare and senior living industry. With a track record of developing, acquiring, constructing, financing, and leasing healthcare facilities, MedCore leverages its deep understanding of medical sector dynamics to identify and capitalize on healthcare projects. The firm’s expertise is evident in its principals’ collective experience, having led development and investment initiatives valued at over $2 billion, alongside executing brokerage transactions for more than 2,000 physicians.
This expansion by MedCore not only diversifies its portfolio but also strengthens its capability to meet the growing demand for quality senior living options. The company’s strategic acquisitions are set to enhance the living conditions and accessibility to healthcare for seniors in Michigan, demonstrating MedCore’s robust investment strategy and commitment to the healthcare real estate sector.
The strategic acquisition of senior living communities by MedCore Partners in Michigan marks a significant step in their expansion strategy, which is adeptly aligned with the growing needs of the senior population in the region. By focusing on properties with potential for value addition and strong cash flow, MedCore is poised to enhance its portfolio’s profitability while contributing positively to the community by improving access to healthcare and lifestyle amenities for seniors. This approach not only benefits the residents but also positions MedCore as a key player in the senior living market with a robust model for sustainable growth.