Omega's new locale places it off Interstate 83, halfway between downtown Baltimore and the Baltimore-Washington International Airport. Located at 9690 Deereco Rd., the 13-year-old building is also home to Grotech Capital Group, an underwriting office of the Fireman's Fund, and Dun & Bradstreet. The entire structure--which is owned by Corporate Office Properties Trust--offers 132,319 sf of space and is on the Building Owners and Managers Association Best in Industry list. COPT's management arm, Corporate Realty Management, oversees the Class A office property.

"The decision to move was really a decision that the board of directors made," explains Omega CEO C. Taylor Pickett. The 8-story, stand-alone Timonium building will be headquarters for the company's twenty staffers, several of whom will be moving from Michigan. "The company's small," says Pickett, a Baltimore-area native. "The staff here [in Ann Arbor] is 29, but we actually think we can run the business with 20." Omega is publicly owned.

The company reports a loss for the third quarter, partially due to a $4.3 million charge for related moving expenses. And this week, the company reports the November 1 sale of 17 properties to Hickory Creek Healthcare Foundation Inc. Hickory is to pay Omega the $10.5 million mortgage on the properties. Third quarter reports note the company has 246 skilled nursing and assisted living facilities spread throughout 29 states.