NEPTUNE CITY, NJ—Tryko Partners is acquiringand renaming Medicenter Rehabilitation &Nursing, 2050 6th Ave.,Neptune City, NJ. The Brick Township-based private equity realestate group says it will start immediately on a $2.5 millionupgrade of the 110-bed property, to be renamed Coral HarborRehabilitation and Healthcare Center.
"This property offers an unparalleled location directly acrossthe street from Jersey Shore University MedicalCenter – the largest hospital in Monmouth County," saysUri Kahanow, Tryko's director ofacquisitions. "Additionally, it is located only 15 minutes drivingdistance from our corporate headquarters. CoralHarbor is incredibly well positioned to become a marketleader through Tryko's local corporate support andthe expert direction of Marquis Health Services,our in-house healthcare division."
The planned improvements center on creating a modern, home-likeatmosphere for residents and staff. This will include a completeoverhaul of all patient rooms – including private showers, updatedflooring, wallpaper, artwork and the installation of flat-screenTVs. Tryko Partners also will construct a newtherapy gym with state-of-the-art equipment; renovate the dininghall, common areas and elevators; and improve the grounds withgeneral landscaping upgrades and a resurfaced parking lot.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
