Milwaukee, WI (PRWEB) December 30, 2014
An affiliate of Phoenix Investors, LLC (“Phoenix”), an investment firm specializing in repositioning large former single tenant industrial facilities, has acquired two group homes formerly owned by affiliates of New Horizon Center, Inc., a non-profit 501(c)(3) corporation, http://www.thenhc.org.
“Our Board, Staff, and the infants and young adults we serve, are most appreciative of the extraordinary planning and strong financial support given by Frank Crivello, Ryan Trost, and the entire team at Phoenix Investors,” said Saleem El-Amin, Executive Director, New Horizon Center, Inc. “As a result of their assistance, our whole range of social service programs will continue into the new year.”
“The group homes are located at 3901 N. 60th Street and 4070-4072 N. 51st Boulevard, Milwaukee, Wisconsin, and the purchase price was $148,500.00,” said Ryan Trost, Senior Vice President, Phoenix Investors, LLC. “In turn we leased these group homes to affiliates of new Horizon Center, Inc. as we helped it continue its Board approved restructuring.”
“About eighteen months ago we were introduced to Saleem El-Amin, its Executive Director, by a member of its Board of Directors. We were impressed and touched by New Horizon Center’s track record with social service programs and agreed to help it,” said Frank P. Crivello, Executive Vice President, Phoenix Investors, LLC. “Ryan and I worked closely with Saleem and his Board of Directors on the restructuring of New Horizon Center. We were very pleased to help New Horizon accomplish its goals so that it can continue to fulfill its mission. “
About New Horizon, Inc:
The New Horizon Center, Inc. is a non-profit 501(c)(3) corporation licensed by the State of Wisconsin to operate a wide-range of social service programs for infants to young adults. With more than a quarter century of service in the community and a demonstrated track record of success, we have transformed the lives of thousands of youth affording them a brighter and more productive future path. Since those early years, our service capacity has steadily grown and expanded to include a broad-spectrum of programs that are comprehensive and offer a seamless transition of services for infants to young adults.