Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MOUNT LAUREL, NJ-Brandywine Senior Living, based here, has completed the acquisition of a portfolio of four assisted-living properties in Monmouth and Ocean counties from Meridian Health System. Altogether, the portfolio totals 380 residential units. The sale price was not released.

“This acquisition is consistent with our strategy of owning and managing quality properties,” says BSL president and CEO Brenda Bacon. “We continue to evaluate other growth opportunities in New Jersey, the Northeast and the Mid-Atlantic. We intend to expand the Brandywine standard in assisted living services.”

BSL was acquired not quite two years ago by an affiliate of Warburg Pincus, which paid a group of investors $150 million for the company and its properties. Since then, Brandywine has more than doubled its community count and resident capacity to 18 communities in five states, with one community under construction in Delaware.

The newly acquired properties include Sycamore Assisted Living in Shrewsbury, located at 5 Meridian Way in that community, which has been renamed Brandywine Assisted Living at the Sycamore; and Colts Neck Village Assisted Living on Route 34 in Colts Neck, which is now called Reflections at Colts Neck.

The other two are Pinewoods Assisted Living at 100 Meridian Place in Howell, renamed Brandywine Assisted Living at Howell; and Rosewood Assisted Living at 1587 Old Freehold Rd. in Toms River, now known as Brandywine Assisted Living at Toms River.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.