Pasadena’s Madison Realty Acquires Six Assisted-Living Facilities

Pasadena-based Madison Realty has announced its January acquisition of six assisted living facilities in the Rocky Mountain states, adding that the company “continues to build a strong senior housing track record.”

“Both sellers and residents are happy when we acquire their properties,” said Gary Langendoen, Madison Realty’s Senior Managing Director. “We always want to work with existing management and keep the name, which so often reflects the care and hard work of the previous owner.”

Madison officials said the former owners of its acquired properties have been pleased with the firm’s expertise and cooperation.

Robert Craig, the previous owner and operator of several senior housing properties in the state, had a resident waiting list for one of them. Lacking resources for an expansion, he sold the property to Madison Realty and Madison kept him as the manager.

Craig said he was impressed by both the level of care and the way the facilities were maintained after the sale.

“I talked with residents and managers, and everyone was pleased with the new ownership. When we completed the purchase and sale of the property, Madison Realty were more than helpful in working both the city and me, and in providing the capital to expand the property and meet the needs of our seniors. I couldn’t be happier.”

Langendoen said Madison had commitment to the highest levels of resident care, exceeding the expectations of each community in which Madison’s properties were located.

“We understand that caring for our residents is the most important thing we do,” Langendoen said. “We have the capital resources to provide that care at every one of our properties, every day.”

Langendoen, who has been actively involved in over $3 billion of real estate transactions in a career that spans more than 30 years, noted that Madison is seeking to acquire more assisted living and senior housing properties throughout the Southwest and Southeast

Madison Realty was founded over 20 years ago and is a known developer and owner of assisted living properties throughout the United States. To learn more about Madison , visit http://www.madisonrealtycompanies.com.