Mark Davis of Healthcare Transactions Group handled the sale of Weinburg Park, a not-for-profit, Jewish assisted living community in Baltimore, Maryland. Previously, the community was affiliated with The Harry and Jeanette Weinburg Foundation, Baltimore’s largest charitable foundation, and Comprehensive Housing Assistance, a community development organization in northwest Baltimore.
It provided affordable assisted living for low-income elderly, but the new owner will run the community as a market-rate, for-profit operation. That buyer was a Lakewood, New Jersey-based SNF owner/operator with many years of experience managing assisted living communities in the New York City area. They will enhance the community’s kosher meal service and religious life.
