DETROIT, MI – MedCore Partners in partnership with REDICO/American House has completed the acquisition of two (2) senior living communities located in Troy and Rochester Hills, Michigan (Detroit MSA). The communities will be operated by American House under the brands American House Somerset and American House Hampton Village, respectively.
“MedCore is excited to partner with American House and to expand its existing senior living portfolio to now include Michigan” said Brian Bollich, one of MedCore’s four founding partners. “This buy highlights our investment program of purchasing value-add opportunities with significant location upside, strong cash flow, and operational improvements. The acquisition team hopes to leverage each asset’s central location to healthcare options, as well as recreational and lifestyle amenities to position them for steady value enhancement.”
MedCore currently owns and manages senior living communities in Texas, Oklahoma, Arizona, Florida, Nevada, Oregon, Utah, and Washington. This acquisition will bring MedCore’s seniors housing portfolio to 9 states and 22 assets with approximately 2,700 beds. The operator, American House, having grown to now operate more than sixty communities, has a strong presence in Michigan as well as throughout the Midwest, Southeast and New England.
Dallas based MedCore Partners is a full-service real estate company dedicated exclusively to the healthcare and senior living industry. MedCore has built trusted relationships with both healthcare providers and numerous capital sources to successfully do the development, acquisition, construction, financing, and leasing of healthcare facilities. Leveraging its intimate knowledge of medical sector dynamics with its comprehensive platform of real estate services offered.

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SAN DIEGO, CA – Toll Brothers Apartment Living, the rental division of Toll Brothers (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with PGIM Real Estate and general contractor Swinerton, announced the topping out of The Lindley. Located at 1331 Columbia Street in San Diego, California, this new community will feature 422 apartment and penthouse residences, upscale amenities, unrivaled rooftop views, and over 12,000 square feet of retail space. Totaling over 800,000 square feet, The Lindley will be one of the largest multifamily communities ever developed by Toll Brothers.
A topping out event was recently held at The Lindley to celebrate this construction milestone and was attended by over 300 guests, including development partners, local officials, and the project s construction team. Financed with a construction loan facility from BNY Mellon and Wells Fargo, construction commenced in 2022 and residential occupancy is anticipated in late 2024.
“The Lindley represents our commitment to delivering top-tier multifamily communities in sought-after locations,” said John McCullough, President of Toll Brothers Apartment Living. “We are thrilled to top out this new community, Toll Brothers Apartment Living s first in San Diego, and look forward to offering an exceptional living experience in one of the city s most desirable neighborhoods.”
The Lindley’s elegant architectural design reflects the sophisticated San Diego lifestyle the community provides, featuring an array of studio, one-bedroom, and two-bedroom apartment homes and penthouses, complemented by over 12,000 square feet of retail space. Residence features include quartz countertops with ceramic tile backsplashes, stainless steel appliances, custom cabinetry, oversized closets, smart home features, and private balconies. The community is set to redefine luxury living with its state-of-the-art amenities, including an indoor/outdoor fitness center with Pilates and yoga studios, sauna, and cold plunge; saltwater pool with cabanas, grilling areas, and firepits; and 37thfloor sky lounge and deck with piano lounge, private dining, and outdoor theater, enhanced by expansive, breathtaking bay views. The community is being constructed to meet LEED Gold certification standards, and the parking garage will include EV charging stations.
The topping out of The Lindley represents a fantastic milestone for Toll Brothers and our expansion in Southern California, said Michael McCann, Managing Director of Toll Brothers Apartment Living in the West Region. The Lindley s strategic location and striking architecture embody the essence of San Diego s dynamic culture and charm. We are excited to contribute to the growth of this neighborhood as it continues to become a center of upscale urban living.

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COLLEGE PARK, MD – Gilbane Development Company, Amazon, Metro, City and County officials, partners, residents, and members of the community gathered to celebrate the Grand Opening of Atworth, a transit-oriented, mixed-use affordable apartment community in College Park, MD. The project is reserved for tenants with incomes at or below 80 percent of area median income (“AMI”), and the units will maintain affordability for the duration of the 98-year ground lease.
Local officials and project stakeholders welcomed the residents to their new community and spoke on the positive impacts and opportunities Atworth has made for the College Park community.
Attendees of the event loved guided tours of the property, providing them with an up-close look at the sleek and sustainable design features and amenities that Atworth has to offer.
Atworth is located at 4201 River Road, College Park, MD, near The University of Maryland, and just steps from the Metro, MARC & future MTA Purple Line, making it a convenient hub for transportation and connectivity.
This 451-unit community offers featuring a 324-space structured parking garage, 5,000 SF of ground floor retail space, a collection of affordable Studio, 1, 2, and 3-Bedroom apartments designed with artistic elements and modern flair, to meet the needs of all Prince George’s County residents. Each apartment features high-end finishes, state-of-the-art appliances, and expansive windows that offer breathtaking views of the surrounding landscape.
Residents delight in onsite amenities which include a resort-style pool, fitness center, yoga studio, a rooftop terrace with a future herb garden, a pet spa and two clubhouses. The community also features a variety of green spaces, including two courtyards complete with BBQ grills, firepits and TVS, providing residents with a peaceful retreat in the heart of the city.
“Atworth is more than just a new community – it is a testament to what can be achieved through collaboration and innovation,” said Robert Gilbane, Jr, Senior Vice President of Gilbane Development Company. “By strategically integrating residential and retail spaces near key transportation hubs, we foster a vibrant community that reaps numerous benefits for the community. We are proud to have worked with Metro and the Amazon Housing Equity Fund to provide the College Park community with innovative and affordable housing.”
“We are proud to be a part of this project to make affordable housing at our stations, providing access to Metrorail, Metrobus, and other transit options,” said Metro Executive Vice President and Chief Financial Officer, Yetunde Olumide. “Through our industry leading transit-oriented development program, we are working to make diverse, equitable, and sustainable communities and confronting the challenges of housing affordability facing so many people in our region.”
“The Atworth College Park project is a testament to collaborative action. With backing from WMATA via a ground lease, support from Prince George’s County through PILOT help, and vital financing from the Amazon Housing Equity Fund, this initiative demonstrates how diverse stakeholders can unite to address critical community needs. It is partnerships like these that can make truly equitable housing,” said Senthil Sankaran, Managing Principal, Housing Equity Fund.
“Atworth is emblematic of what is possible when we in the public sector work with our private sector partners to achieve regional housing and transportation goals. The result of this collaboration is highly sought after transit-oriented investment here in Prince George’s County,” said Jim J. Chandler, Assistant Deputy Chief Administrative Officer for Economic Development, Office of the County Executive for Prince George’s County.
Metro has ground leased a part of its station property to Gilbane Development Company for the project, under Metro’s Joint Development Program. A $56.3 million low-rate loan to Gilbane Development Company funded by Amazon’s Housing Equity Fund ensured the project was able to provide critical workforce housing affordable to families earning 80 percent of area median income (AMI) for the entire term of the 98-year lease.

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