Tryko Partners Acquires Philadelphia Retirement Community

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PHILADELPHIA, PA – July 15, 2011 – (RealEstateRama) — Private equity real estate group Tryko Partners, LLC of Brick, N.J., has acquired a West Philadelphia property recognized as the nation’s first retirement community. The $8 million purchase includes age-restricted rental housing at Kearsley Apartments and Kearsley Square, and skilled nursing services at Kearsley Long Term Care. The Kearsley campus had been part of the NewCourtland Network since 2004.

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