Homestead At Hamilton New Jersey Closes Financing
Princeton, NJ Solvere Living, a Princeton-based senior living management firm, will co-develop and operate a new senior community in Hamilton, New Jersey.
Named Homestead at Hamilton, the community will include 195 total units of independent living, assisted living and memory care on a 21-acre site in Mercer County, located in central New Jersey and an hours drive from New York City, Philadelphia and the Jersey Shore. The $59.1 million project is being co-developed with Pike Construction LLC, who will also serve as general contractor.
Solvere Living is an offshoot of Solutions Advisors, a sales and marketing consulting firm focused on senior living. Solveres portfolio of managed assets includes owner-investor properties throughout the East Coast and Midwest as well as its own communities.
Pike Construction, based in Paterson, New Jersey, is a general contracting and real estate development business that was established in 1958. Since its inception, Pike has constructed more than 15,000 units of senior housing ranging in project size from $10 million to over $150 million in total construction costs.
The projects architect is J. Randolph Parry Architects PC, headquartered in Riverton, New Jersey. Founded in 1996, J. Randolph Parry Architects, PC is an award winning architectural design firm with a specialty in residential and senior housing design.
Homestead At Hamilton Independent Living Assisted Living And Memory Care
Homestead at Hamilton shows a level of comfort that is unmatched by competitors. Our independent living, assisted living, and memory care services make sure seniors get the most out of their retirement years.
Every unit has its own climate control, bathroom, as well as spacious closets that are great for storage. All residents have access to landscaped grounds and common areas. We are incredibly proud of our Hamilton Township staff members. The employees here are 100% committed to the care and well-being of our residents. Our chef and cooking staff at Homestead at Hamilton are driven to constantly deliver quality meals that are great tasting and nutritious. We strive to create memorable meals from fresh produce that help our residents reach their best health and wellness.
Solvere Senior Living Building Homestead At Hamilton
To help meet growing demand, Princeton-based Solvere Senior Living is developing its first community, the Homestead at Hamilton in Mercer County. A study by the company shows the area is home to an expanding number of seniors, with about two-thirds of the population estimated to be above age 60 by 2020. The new community will provide 195 apartments for independent living, assisted living and memory care, located on a 24-acre site at the corner of Kuser and Klockner Roads in Hamilton, about an hours drive from New York City, Philadelphia and the Jersey Shore.
Solvere and Pike Construction Co. LLC, co-developer and general contractor, are investing $59.1 million in the project. The Homestead at Hamilton is expected to create more than 430 direct and indirect jobs for the area, with an annual payroll in excess of $1 million.
We looked for the best and most convenient location to serve the retirement, assisted living and memory care needs of the growing number of older citizens in the region, said Kristin Kutac Ward, president and CEO of Princeton, NJ-based Solvere Senior Living. Homestead will provide the newest amenities, services and care, all designed for individual lifestyle flexibility.
We are very excited about Homestead at Hamilton and the services and support it will provide to area citizens and the community as a whole, Ward said.
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Homestead At Hamilton Amenities & Services
We offer seniors the latest amenities in comfort that they would enjoy in the comfort of their own homes. Activities Onsite, Indoor Common Areas, Vegetarian, Devotional Services Offsite, Beautician Onsite, Devotional Services Onsite, Meals Provided are available for all residents. The staff here are fully trained, friendly and accessible. They will help your residents enjoy their stay with us.
Our trained staff helps our residents enjoy benefits that our facility offers, like Diverse services and other perks. As seniors age, they still want to feel independent and maintain a healthy lifestyle, and we help them do that.
Residents enjoy of a full schedule of social, educational and entertaining activities. Our structured program helps all residents maintain a high quality of life. Many of our activities encourage members to socialize and develop friendships with other residents. We make sure the activities are fun and entertaining.
Is our community right for you? Call 755-1458 to schedule a private tour.
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In The News Solvere Living Building Homestead At Hamilton
To help meet growing demand, Princeton-based Solvere Living is developing its first community, the Homestead at Hamilton in Mercer County. A study by the company shows the area is home to an expanding number of seniors, with about two-thirds of the population estimated to be above age 60 by 2020. The new community will provide 195 apartments for independent living, assisted living and memory care, located on a 24-acre site at the corner of Kuser and Klockner Roads in Hamilton, about an hours drive from New York City, Philadelphia and the Jersey Shore.
Solvere and Pike Construction Co. LLC, co-developer and general contractor, are investing $59.1 million in the project. The Homestead at Hamilton is expected to create more than 430 direct and indirect jobs for the area, with an annual payroll in excess of $1 million.
We looked for the best and most convenient location to serve the retirement, assisted living and memory care needs of the growing number of older citizens in the region, said Kristin Kutac Ward, president and CEO of Princeton, NJ-based Solvere Living. Homestead will provide the newest amenities, services and care, all designed for individual lifestyle flexibility.
Article published by New Jersey Business, A Publication of the New Jersey Business and Industry Association
Assisted Living In Hamilton On
Statistics show that the fastest growing age group in Canada is the 65 and over group, which means more seniors need some sort of assisted living situation than generations past. As seniors age, there is a lot they have to deal with, and sometimes they need help. When that time comes, you have a few options for your loved one. Depending on the level of assistance and care they need, you can choose home health care, assisted living, or nursing home care. Nursing homes and home health care are the most expensive options, and many seniors don’t even need that level of care. The assisted living option is a nice blend between home health care and nursing homes, and it’s less expensive than the others.
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Homestead Senior Living Received Financial Help For A 195
Hamilton, NJRED Capital Partners LLC recently arranged a $36.4 million first mortgage construction loan for Homestead Senior Living LLC. The balance of the capital stack was provided by an institutional private equity group and Regional Capital Group, which will provide EB-5 financing along with sponsors equity.
The joint venture between Pike Senior Housing Partners LLC and Solvere Senior Living is set to develop the 195-unit Class A seniors housing community located in Hamilton. Dubbed Homestead at Hamilton, the community will include 96 independent living units, 75 assisted living units and 24 memory care units.
The creativity, flexibility and perseverance of the entire RED team was outstanding. This transaction presented unique challenges through the underwriting process, said David Weiner, principal, Pike Seniors Housing Partners LLC.
The project has a complex capital structure, including an interim, bridge-to-EB-5, mezzanine lender. Through creative structuring, RED Capital Partners worked closely with the borrower and other credit partners to achieve maximum flexibility due to the timing and uncertainty of the EB-5 program.
About Homestead At Hamilton
Welcome to Homestead At Hamilton, a medium-sized assisted living community in Hamilton, NJ. Homestead At Hamilton is located at 2560 Kuser Rd, and offers assisted living services for older adults.
We know that price is an important factor in choosing an assisted living community. Homestead At Hamilton prices start at $7,928 per month, which is below $8,145, the average monthly cost of assisted living communities in Hamilton, NJ. Pricing can be complex, and Seniorly has created a host of resources to help families work through how to pay for assisted living.
If youre assessing whether assisted living is the level of care youre looking for, know that Homestead At Hamilton residents receive 24-hour non-medical care, medication management, and assistance with activities of daily living . Through a detailed review of each residents care needs, caregivers can provide help and support: from transferring from a bed or a chair to eating, bathing, grooming, or getting dressed. The expert care team at Homestead At Hamilton will also arrange transportation for residents, and provide laundry and housekeeping services.
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Premier Senior Living At The Landing Of Hamilton
The Landing of Hamilton offers independent living, assisted living, and memory care services in Hamilton, New Jersey. Our community has a unique and innovative approach to senior care, where our residents live empowered and encouraged, receiving care services as needed with a whole lotta heart.
Providing senior care services with a whole lotta heart is what we do best. Its how we treat each other, its how we care for each other. Honestly, its what life at The Landing of Hamilton is all about. Life at The Landing of Hamilton is more than senior living. Its a strong community where you will feel at home and welcomed every day. Its truly a place where we live with a whole lotta heart.
Our residents in assisted living and memory care are empowered to maintain independence while also receiving holistic care services that allow them to make the most of every day. We have 24-hour emergency communication systems, a robust dining program, pet care for assisted living residents, and an active social calendar.
We take advantage of our ideal location in Hamilton, New Jersey. Hamilton gives residents access to big city amenities with small-town charm and is well known for its numerous historic sites and annual community events. Hamilton is home to a nationally renowned senior center that holds dinner dances, celebrations, and classes throughout the year that supplement our own activities and programs.
Paying For Assisted Living
It is important for families to have a realistic idea of what assisted living costs. In Hamilton, the average monthly cost ranges from $1,500 to $3,500, depending on the amenities and the level of care you choose. It’s important to keep in mind that just because a facility has all the luxury bells and whistles, that doesn’t mean it has the level of care you need, so be sure you’re looking into both. But, if you and your family haven’t planned for assisted living expenses, that amount can take you by surprise and cause a bit of panic. The good news is that seniors have several options when it comes to paying for care. One of the best options is long-term care insurance. Most insurance companies won’t ensure your loved one if they have a preexisting condition, so it’s important to start planning early. However, other options include a reverse mortgage and government resources. As a last resort, you can consider paying out of pocket, but it’s recommended that you exhaust other avenues first.
Assuming that you figure out the financial piece, finding the right assisted living community can be a good thing for everyone involved. It gives aging seniors the care and stability they need, and provides family members with peace of mind about the comfort of their loved ones. Although many seniors want to remain in their own homes, or stay with relatives, it’s not always the best thing for them. When that’s the case, looking into assisted living can be an option that works for everyone.
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Anonymous
They are more interested in selling a room than the care your loved one will get. After taking my money my husband was assessed briefly. So it turns out he is not appropriate for their facility. Paying all the fees for a community fee room fee care plan fee then being told he needs 24 hour private care for a fee became unaffordable & that was after one week there. There was no assistance provided by the staff. His laundry wasn’t done he wasn’t showered at all the dining staff complained they had to help feed him. What kind of assistance do they provide? They wouldn’t refund the entire Community fee. I was robbed! Be sure your loved one will fit into their program before you pay any money!!!
Nadine Kaiser
Faith Bowers
Linda Grenis
Rebecca Petrecca
May 2019
Picking The Right Assisted Living Community
Hamilton is a large city, and there are many options for those who wish to reside in the area. Start by researching the available information online to create a list of communities you and your loved one might agree on. Next, schedule a tour for each of the communities on your list. There are a few questions you should ask when you visit each community. These include:
- How much freedom do the residents really have?
- What are the community’s policies? For example, what are visiting hours? Can residents smoke on the grounds? Are pets allowed?
- What are the safety measures taken?
- What is the procedure when an emergency occurs?
- What is the discharge policy?
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Grand Opening Of Homestead At Hamilton Slated For Feb 8
Mayor Yaede
HAMILTON Princeton-based Solvere Senior Living has completed on time and at budget its $59.1 million Homestead at Hamilton senior living community and will host its Grand Opening Celebration on February 8. The kickoff for the state-of-the-art 24-acre site in historic Hamilton Township features live music, entertainment and a diverse range of food and refreshments in finely appointed amenities throughout the community. Hamilton Township Mayor Kelly A. Yaede and other local officials will share in the festivities.
Built to serve a growing demand for senior living in and around Mercer County, the new community provides independent living, assisted living and memory care, and is expected to create more than 450 direct and indirect area jobs with an annual payroll in excess of $3 million. Homestead is managed by Princeton-based Solvere Senior Living.
“We welcome the public to share in this exciting celebration to mark the official opening of this vital new resource to serve seniors and their families throughout the region,” said Homestead General Manager Andy Fritz, who brings more than 22 years’ experience in senior living. “Homestead offers the best in services, care, stylish amenities and engaging programs in a healthy living environment.”
For more information about Homestead at Hamilton, visit www.homesteadathamilton.com. Visit Solvere Senior Living at www.solvereseniorliving.com.
Solvere Living To Open Homestead At Hamilton
New Community Part of Companys Continuing Expansion
Hamilton Township, NJ: As part of its continuing expansion, Princeton, New Jersey-based Solvere living will open its $59.1 million Homestead at Hamilton senior living community in historic Hamilton Township, New Jersey. The February 8th grand opening features a wide array of live entertainment, cuisine and refreshments. Mayor Kelly A. Yaede, area officials and the public will share in the festivities.
Completed on time and at budget, the 24-acre site at 2560 Kuser Road is designed to help serve a growing demand for senior living in New Jerseys Mercer County and the Trenton metro area. The community offers independent living, assisted living and memory care, and expects to create more than 450 direct and indirect area jobs with an annual payroll in excess of $3 million.
Solvere, rooted in Latin for to solve, creates value-driven, innovative solutions for its senior living partners. Through its team of professionals in business, finance, operations and marketing, Solvere currently manages communities in eight states, including Florida, New York, New Jersey, Texas, Maryland, West Virginia, Virginia and Indiana. Its partner company, Solutions Advisors, provides marketing, sales, consulting and creative services to the senior housing industry nationwide.
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Homestead At Hamilton Opens Sales Center Hosting Open Houses And Hires Senior Staff
Public Invited to Open Houses Feb. 16th and 22nd
Hamilton Township, NJ: As Homestead at Hamilton moves forward toward completion, the Hamilton senior living community has opened a sales center, will be hosting two open houses and has hired senior staff. Homestead is being built by Pike Construction and Solvere Living to help serve a growing demand for senior living in and around New Jerseys Mercer County.
The community will provide apartments for independent living, assisted living and memory care and is located in historic Hamilton Township on a 24-acre site at the corner of Kuser and Klockner Roads. More than $59.1 million is being invested in the project, which is expected to create more than 430 direct and indirect jobs for the area. Homestead is expected to be completed in the fall of this year.
Were moving forward rapidly and welcome the public to come join us at the open houses, meet our team of seasoned staff and learn about the new, state-of-the-art community, said Kristin Kutac Ward, president and CEO of Princeton, NJ-based Solvere Living.
Memory care at Homestead is guided by Solveres proprietary program, Valeo, Latin for to thrive, which focuses specifically on wellness initiatives for those with memory impairments. Valeo incorporates components that examine residents social, intellectual, vocational, spiritual, physical and emotional well-being and supports residents and families in achieving successful aging goals.