National Church Residences has expanded its affordable senior housing in southeast Georgia with the acquisition of McFadden Place in Pembroke.
The organization purchased the property on Aug. 24, 2021, from Mercy Housing for $2.31 million, according to local real estate transfers.
Mercy is a respected peer and co-member in Stewards of Affordable Housing for the Future. Built in 2004 as a HUD PRAC 202 development, Mc-Fadden Place is subsidized and provides rental assistance for low-income seniors.
“We’re excited to welcome McFadden Place to the National Church Residences family,” said Director of Senior Housing Acquisitions Daniel Patrick. “Located less than a mile from our newly constructed Ash Branch Manor community, the acquisition builds on our momentum in the Savannah area.”
With 30 units, McFadden Place serves seniors age 62 and older, offering one-bedroom apartment homes. Amenities include a community room, recreational facilities and service coordination, which assists residents with medical needs and connects them to community services available in the area. McFadden Place is located at 80 McFadden Drive, with nearby shopping, a post office and a senior citizens center.
“McFadden Place was Mercy Housing’s only property in Pembroke, and we know that National Church Residences will be an ideal owner and manager of this senior facility,” said Director of Transactions for National Portfolio Management at Mercy Housing, Bruce Saab. “Both the residents and community are in good hands with this change.”
National Church Residences operates 1,612 apartments spread across 13 senior communities from Savannah to Atlanta.
About National Church Residences
National Church Residences serves more than 42,000 seniors through its array of housing and health care services. The not-for-profit organization is driven by a vision of advancing better living for all seniors, enabling them to remain home for life.
With 340 communities in 25 states, it is the nation’s largest not-for-profit provider of affordable senior housing and the largest manager of service coordinators. The organization also offers residential senior communities, home and community- based services, as well as permanent supportive housing for the formerly homeless and disabled.
For more information, visit NationalChurchResidences.org. NCR is also on Facebook, Twitter and YouTube.