Meridian Senior Living is Pleased to Announce the Addition of Vista Terrace of Belmont to Its Senior Housing Portfolio
Meridian Senior Living, LLC is pleased to announce the addition of Vista Terrace of Belmont in Belmont, CA to its senior housing portfolio on February 1, 2020. Vista Terrace of Belmont was acquired by Griffin-American Healthcare REIT IV, Inc., which is co-sponsored by American Healthcare Investors, LLC (American Healthcare Investors) and Griffin Capital Company, LLC, in June 2017.
BELMONT, Calif., Feb. 6, 2020 /PRNewswire-PRWeb/ -- Meridian Senior Living, LLC (Meridian) is pleased to announce the addition of Vista Terrace of Belmont in Belmont, CA to its senior housing portfolio on February 1, 2020. Vista Terrace of Belmont was acquired by Griffin-American Healthcare REIT IV, Inc., which is co-sponsored by American Healthcare Investors, LLC (American Healthcare Investors) and Griffin Capital Company, LLC, in June 2017. In partnership with American Healthcare Investors, Meridian is managing and operating the community on a day-to-day basis.
"We are excited to welcome Vista Terrace of Belmont to the Meridian Family," says Kacy Kang, President and Chief Operations Officer. "Equally exciting is our continued collaboration and advancement with American Healthcare Investors, one of the largest private healthcare real estate investment management firms in the world."
"We are eager and excited to enrich the lives of Vista Terrace of Belmont team members and residents by virtue of our WOW! culture," says Glen Cummins, Regional Director of Operations. "We look forward to welcoming residents and their families and providing them excellent care, attention to detail, and unparalleled customer service."
Centrally located in the Peninsula with breathtaking views of the San Francisco Bay, the East Bay hills, the Redwood Shores, and the America's Cup boat, Vista Terrace of Belmont offers both assisted living and skilled nursing services. This 101-bed community offers spacious residences including studios, one-bedroom, and two-bedroom apartments. Located at 900 Sixth Avenue in Belmont, CA, Vista Terrace of Belmont is convenient to Cal Train station, El Camino Real, HWY 101, shopping and dining in Downtown Belmont, and HWY 280. Amenities include chef-prepared fresh entrees and desserts served in an elegant dining room, a library, an activity room, and an array of common areas. Scheduled activities and social events including happy hours, musical entertainment, and various outings are geared toward a social, active lifestyle. Along with personalized care services, around the clock nursing care, on-site physician support, dentist, and podiatrist are available to offer residents convenience and a piece of mind.
For more information regarding Vista Terrace of Belmont please call (650) 295-0735, visit the community website: vistaterraceofbelmont.com, or visit the community Facebook page: https://msl.life/belmontfb
About Griffin-American Healthcare REIT IV, Inc.
Griffin-American Healthcare REIT IV intends to build a balanced and diversified portfolio of healthcare real estate assets, focusing primarily on medical office buildings, hospitals, skilled nursing facilities, senior housing and other healthcare-related facilities. Griffin-American Healthcare REIT IV also seeks to provide: portfolio diversification, preservation of capital, monthly distributions and capital appreciation by increasing the value of its properties for its stockholders. Griffin-American Healthcare REIT IV qualified to be taxed as a real estate investment trust (REIT) for federal income tax purposes beginning with its taxable year ended December 31, 2016, and it intends to continue to qualify to be taxed as a REIT. The REIT is co-sponsored by American Healthcare Investors and Griffin Capital Company, LLC. For more information regarding Griffin-American Healthcare REIT IV, please visit http://www.healthcarereitiv.com.
About American Healthcare Investors:
American Healthcare Investors is an investment management firm that specializes in the acquisition and management of healthcare-related real estate. One of the world's largest managers of healthcare real estate, the company oversees an approximately 18 million-square-foot portfolio valued at approximately $4.1 billion, based on aggregate purchase price, on behalf of multiple investment programs that include thousands of individual and institutional investors. As of December 31, 2019, this international portfolio includes approximately 307 buildings comprised of medical office buildings, hospitals, senior housing, skilled nursing facilities and integrated senior health campuses located throughout the United States and the United Kingdom. The company and its principals have completed approximately $27 billion in aggregate acquisition and disposition transactions, approximately $17 billion of which have been healthcare-related. American Healthcare Investors is committed to providing investors with access to the potential benefits that healthcare-related real estate ownership can provide. For more information regarding American Healthcare Investors, please visit http://www.AmericanHealthcareInvestors.com.
About Meridian Senior Living:
Meridian Senior Living, a privately held company based in Bethesda, Maryland, owns and operates seniors housing communities across the country and provides operational consulting to 24 communities in China. With more than 70 communities in 21 states and more in development, Meridian is one of the largest seniors housing operators in the U.S. The company prides itself on providing the highest quality care, exceptional lifestyle programming and a distinctive dining experience for its residents. For more information on Meridian Senior Living, visit meridiansenior.com.
SOURCE Meridian Senior Living
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