The Terrace at Chestnut Hill is Juniper Communities' 12th senior housing property in Pennsylvania.
PHILADELPHIA, PA—Juniper Communities, LLC has added The Terrace at Chestnut Hill to its Pennsylvania portfolio of managed and owned seniors housing communities.
The Bloomfield, NJ-based firm reports it acquired the property, which consists of 70 personal care units and 33 memory care units, on May 14.
The Terrace at Chestnut Hill, located in the northwest section of Chestnut Hill in Philadelphia, includes a stone mansion, built in 1865. The campus at 495 E. Abington Ave. in Philadelphia features expansive grounds, walking paths and glorious chestnut trees.
“The Terrace at Chestnut Hill becomes our 12th seniors housing building in Pennsylvania. We are very excited to extend our signature programs to benefit residents and their families, the team of associates, and the professional health care community,” says Lynne S. Katzmann, CEO and founder of Juniper Communities.
She continues, “For example, our Connect4Life program, which has been recognized as an innovative model for integrating service enriched housing and management of chronic health issues, will bring the convenience of onsite primary care to the community while facilitating coordination between the community and other health providers that service our residents.”
Juniper says it will work to retain the 95 employees at the community. No financial terms of the transaction were released.
“Expanding our presence in the Pennsylvania market enables Juniper to consolidate market share and pilot additional ancillary services within a concentrated hub,” Katzmann states.
The property will benefit from Juniper's signature programming that includes the award-winning dementia care program Wellspring Memory Care, a comprehensive electronic health records system, a fully coordinated healthcare delivery model Connect4Life and an integrated connections and activities program referred to as Alive in All Seasons.
The community will now operate under the name The Terrace at Chestnut Hill, a Juniper-managed community.
Properties owned and managed by Juniper Communities in Pennsylvania: include: the Juniper Village at Meadville, Juniper Village at Forest Hills , Juniper Village at Lebanon, Juniper Village at Mount Joy, Juniper Village at Brookline – Rehabilitation and Skilled Care, Juniper Village at Brookline – Inn and Pines Personal Care, Juniper Village at Brookline – The Willows Independent Living, Juniper Village at Brookline – Wellspring, Juniper Village at Bucks County – Rehabilitation and Skilled Care, Juniper Village at Bucks County – Independent Living, Juniper Village at Bucks County – Personal Care and most recently The Terrace at Chestnut Hill.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
