Source: HHHunt / #Senior #Housing
RICHMOND, VA - HHHunt Corporation, a diversified regional leader in real estate development, building and management for over 50 years, announced a $128.4 million investment in the development of new senior living communities.
One of the Mid-Atlantic's largest regional real estate leaders, HHHunt is committed to continuing its intentional, strategic growth. The company's revenue surpassed $500 million in 2018 and has grown by over 70% in the past five years. HHHunt is actively pursuing new development opportunities in 2019.
"HHHunt has over two decades of experience in the senior living sector and we are committed to continued growth. Our focus is on innovative ideas that will best meet the changing needs of the senior population," said Dan Schmitt, president and COO of HHHunt.
HHHunt's Senior Living division will open two new communities this year in Maryland, including Spring Arbor of Croftonand Spring Arbor of Frederick. Construction of a third new senior living community in Maryland, Spring Arbor of Olney, is underway.
HHHunt also plans to begin construction on a new community in Virginia dedicated to memory care needs, Spring Arbor Cottage of Fredericksburg. These four new senior living communities in Maryland and Virginia will serve more than 365 residents and represent $128.4 million in total investment in these senior living communities.
"Our vision is to improve the world and how people live," said Janet Riddlebarger, president of HHHunt's Asset Management Group. "Our growth and continued investment highlight our confidence in the quality communities we develop and our incredible teams."
HHHunt currently owns and manages 21 senior living communities.