Tryko Partners Developing Pittsburgh Seniors Housing
Selected by The Urban Redevelopment Authority of Pittsburgh to redevelop a former school in the city to serve the needs of both low-income and middle-income seniors, Tryko Partners just obtained a gap financing commitment from the Pittsburgh Housing Authority to help fund the project. Formerly the Fairywood School in the city’s west end, the site will include a total of 46 one-bedroom units with covered porches, including 39 reserved for low-income residents. There will also be a community building where residents can take advantage of financial literacy, nutrition and exercise programs, health screenings, and other support services for seniors. The project would also anchor a... Read More »Tryko Partners Adds Pennsylvania SNF to Portfolio
Tryko Partners acquired a 121-bed skilled nursing facility in Norristown, Pennsylvania, in the greater Philadelphia region and is planning a significant capital investment project to the 40-year-old building. Set on five acres, the four-star facility is located about 12 miles from downtown Philadelphia and is within a 10-mile radius of nine short-term acute-care hospitals. It had been previously owned by a faith-based not-for-profit for 50 years, and Timothy Bonjo has been the facility’s administrator for 36 years. It’s not often you see that kind of tenure in this industry. Planned upgrades to the three-story building, which should cost around $2.5 million,... Read More »
Tryko Partners Buys Two SNFs
With more than 4,500 skilled nursing and assisted living beds under management, plus another 2,000 independent living units, Tryko Partners, and its operating affiliate Marquis Health Services, is certainly becoming a senior care powerhouse in the northeast and mid-Atlantic areas. And they keep on adding to their portfolio, even during the pandemic. Most recently, they purchased a 173-bed facility on six acres in Springfield, Pennsylvania called Harlee Manor and Springfield Commons. The campus is located 12 miles west of downtown Philadelphia, and joins three other Tryko-owned facilities in the greater Philadelphia market. There are 100 skilled beds and... Read More »
Tryko Partners Marches Into The South
With most of its acquisitions located between Maryland and Massachusetts, New Jersey-based Tryko Partners has expanded its reach into Virginia with the purchase of three skilled nursing facilities with a total of 563 beds. They are located in Alexandria, Richmond and Colonial Beach, and represent the company’s first acquisition in the state. No purchase price was disclosed, but historically Virginia has been a relatively high-priced market, with an average price per bed over the past five years north of $100,000. That kind of state details will be in our soon-to-be-published Senior Care Acquisition Report. Tryko plans on investing close... Read More »Schedule a demo
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