PRINCETON and SUMMIT, N.J. — Brandywine Living has completed the acquisition of two assisted living communities in New Jersey.
The two communities are Brandywine Living Serenade at Princeton, formerly Acorn Glen Assisted Living in Princeton, and Brandywine Living at Summit, formerly Spring Meadows at Summit in Summit.
“This acquisition is consistent with Brandywine’s strategy of operating high-quality, well-located properties,” says Brenda Bacon, Brandywine’s president and CEO. “The company continues to evaluate other attractive growth opportunities in New Jersey, the Northeast and the Mid-Atlantic.”
These properties are being acquired in a partnership with Welltower (NYSE: WELL), a REIT focused on seniors housing.
Brandywine now has 31 operating communities in New Jersey, Pennsylvania, Delaware, New York, Connecticut and Virginia, and is developing its 32nd community in Potomac, Maryland.