MECHANICSBURG, PA—The Hollinger Group, a private owner and operator of assisted living communities, independent living communities and transitional care facilities, has shrunk its property portfolio dramatically with the sale of eleven senior care properties for $83.6 million.
uying the properties is a private real estate investment trust that plans to partner with two separate senior care providers to manage the day-to-day operations of the eleven properties with a combined 717 beds and 583 units.
The sales process was accomplished in two phases. In February, Hollinger sold five senior care properties in South Carolina and Florida. The second and final phase closed on the remaining six properties in Maryland, New Jersey, Pennsylvania and Virginia.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
