Le Lézard
Classified in: Business
Subject: SCZ

HHHunt Plans $128.4 Million Investment in New Senior Living Communities


RICHMOND, Va., March 13, 2019 /PRNewswire/ -- 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.

Rendering of Spring Arbor of Frederick senior assisted living and memory care community in Frederick, MD.

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 Crofton and 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. For more information, visit www.hhhunt.com.

About HHHunt
Since 1966, HHHunt has grown into a diversified leader in real estate development throughout the Mid-Atlantic. Its five divisions, HHHunt Apartment Living, HHHunt Communities, HHHunt Homes, HHHunt Properties Development, and HHHunt Senior Living, are recognized leaders in their sectors with communities in Virginia, North Carolina, South Carolina and Maryland.  HHHunt improves the lives of thousands of people by being a trusted partner in every phase and stage of their lives. Because at HHHunt, it's how you live that matters. For more information, visit: www.hhhunt.com.   

SOURCE HHHunt Corporation


These press releases may also interest you

at 21:00
OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today published a report titled 'Unlocking the Infinite Potential of Crypto and AI.' The report explores the convergence of AI and crypto, a major trend in...

at 20:50
Pharma (1167.HK), a clinical-stage oncology company drugging the undruggable targets, today announced its 2023 annual results. The revenue was RMB63.5 million, the R&D investment was RMB372 million, the cash and cash equivalent at the end of 2023 was...

at 20:45
The "Austria Social Commerce Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2024 Update" report has been added...

at 20:40
Osisko Development Corp. ("Osisko Development" or the "Company") reports its financial and operating results for the three and twelve months ended December 31, 2023 ("Q4 2023"). Q4 2023 HIGHLIGHTS Operating, Financial and Corporate Updates: 2,090...

at 20:39
TSX VENTURE COMPANIES BULLETIN V2024-0926 VALLEYVIEW RESOURCES LTD. ("VVR")BULLETIN TYPE:  Resume TradingBULLETIN DATE: March 28, 2024TSX Venture Tier 2 Company Reference is made to our bulletin dated March 26, 2024 with respect to the listing of the...

at 20:30
WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Sonder Holdings Inc. resulting from allegations that Sonder may have issued materially misleading business...



News published on and distributed by: