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Gold Standard of Care Miami Secures Funding for Expansion and Construction for New Resident Wing

MIAMI GARDENS, Fla., Nov. 20, 2017 /PRNewswire/ — Gold Standard of Care expands its Miami Gardens Community through obtaining new construction financing from one of its longstanding lenders…

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Gold Standard of Care Successfully Completes Its Senior Housing Fire Safety Implementation Project I City of West Palm Beach

WEST PALM BEACH, Fla., June 5, 2018 (Newswire.com) – Gold Standard of Care is pleased to announce the long-awaited completion of the fire safety implementation thanks to the..

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Gold Standard of Care Senior Housing Acquisition, Florida

LAUDERHILL, Fla., December 14, 2017 (Newswire.com) – Gold Standard of Care announces newest addition to Florida footprint with 105-bed assisted living Community in Lauderhill, Fla…

 

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Gold Standard of Care Hires Top Architectural Design Firm

FORT LAUDERDALE, Fla., January 21, 2018 (Newswire.com) – Gold Standard of Care of Fort Lauderdale hires Charles Michelson of the esteemed architectural design firm Saltz Michelson Architects for…

 

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Seniors Housing Developer Adds Value to Historical Building Near Downtown and Successfully Sells It for Its Intended Use

ST. PETERSBURG, Fla., February 12, 2019 (Newswire.com) – Seniors housing real estate developer and investment firm, Gold Standard of Care announced the sale of its sixty-unit property, formerly operating as an assisted living facility.

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Newly Renovated Colonial Assisted Living Pleased to Announce 5-Star Rating From Mayor Steven Grant

BOYNTON BEACH, FLA. (PRWEB) JUNE 16, 2018 – Colonial Assisted Living, an assisted living facility for seniors in Boynton Beach, recently hosted Mayor Steven Grant and Vice Mayor Christina Romelus at their newly renovated living community in Boynton Beach.

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Gold Standard of Care is involved with all aspects of development. From acquisition financing to management, as well as leasebacks and manage backs of facilities.  We have developed a diverse portfolio of communities in Florida that span from Southeast Florida all throughout the major markets of the entire state of Florida.

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Gold Standard of Care Miami Secures Funding for Expansion and Construction for New Resident Wing

MIAMI GARDENS, Fla., Nov. 20, 2017 /PRNewswire/ — Gold Standard of Care (“GSC”) expands its Miami Gardens Community through obtaining new construction financing from one of its longstanding lenders. The expansion allows Gold Standard of Care to add a new resident wing for seniors to live more comfortably at Colonial Assisted Living at Miami, a boutique 65-bed assisted living community.

“It’s exciting for us to roll out this expansion and renovations at our Miami property,” said Gold Standard of Care’s founder Michael Verbitsky. He added, “Our group is pleased to execute on our strategy to innovate and improve the delivery of graceful and affordable assisted living communities throughout the state of Florida. We have plans to do the same with each of our communities as we expand our footprint in our home state in becoming a creditable provider of seniors housing real estate here.”

About Gold Standard of Care:  

Gold Standard of Care is a Florida-based seniors housing real estate company, which owns, operates, leases and manages affordable assisted living communities in Florida for seniors. Since 2008, Gold Standard of Care has established itself as a leading seniors housing provider with communities in most major cities in South Florida. “GSC” has successfully renovated and improved many of their holdings including Miami, Boynton Beach, Lantana, West Palm, St. Petersburg and Tampa. “GSC” plans to expand its footprint with its new 100-bed assisted living community in Fort Lauderdale in early 2018 and two other affordable assisted living communities in central Florida later in the year.

Gold Standard of Care Successfully Completes Its Seniors Housing Fire Safety Implementation Project I City of West Palm Beach

WEST PALM BEACH, Fla., June 5, 2018 (Newswire.com) – Gold Standard of Care is pleased to announce the long-awaited completion of the fire safety implementation thanks to the support and procuring of funds from the City of West Palm Beach.

Further enhancing the outstanding safety features for seniors living in the beautiful historic building located in downtown West Palm Beach, the fire safety implementation features a brand new, enclosed emergency stairwell for a fast and easy exit in the case of any emergency.

Gold Standard of Care’s founder, Mr. Michael Verbitsky said, “It’s been a long road and we’re glad to have had the support of so many good people in this fine city where we’ve strived to keep an affordable program for the city’s seniors amidst booming downtown developments.”

“None of this would’ve been done without the tremendous help and support from city officials, such as Jeff Greene, West Palm Beach’s city manager, and Mayor Jeri Muoio with her team. Their support and procuring of funds allowed Gold Standard of Care to complete this project for the safety of the housing community for the City’s cherished seniors,” said Verbitsky.

The site, which sits at the main artery of downtown West Palm Beach, connecting Rosemary Street and Clematis, is now home to Brightline’s Palm Beach County station connecting transit from Miami to Orlando.

Managing the four-story, diversely populated assisted living facility is “Colonial Assisted Living of West Palm Beach.” Its founder, Ricki Kaneti has been instrumental in providing exceptional and compassionate care for 170 seniors at the downtown West Palm Beach assisted living facility.

“We’re very pleased to see the completion of what’s been a three-year project in the making. Our elders are safer than ever within the historically charming building that has served as home to West Palm Beach seniors for over 40 years.” 

About Gold Standard of Care, LLC

Gold Standard of Care is a leader in South Florida development for Affordable Seniors Housing. Throughout the last decade, GSC has developed, improved and deployed senior’s communities in nearly every major city of South Florida. GSC’s portfolio holdings and recent development, include communities in Miami, Broward County, Lantana, Boynton Beach, and West Palm Beach. Additionally, along the west coast of Florida in Tampa, St. Petersburg and two new communities in the Orlando area later this year.

Gold Standard of Care acknowledges thanks for this project to Rick Gonzalez and his team of engineers and architects at REG Architects. A very special thanks to David Jeda of RSJ Builders along with Marc Eisenmann, partner at Gold Standard of Care, LLC.

Seniors Housing Acquisition, Florida

LAUDERHILL, Fla., December 14, 2017 (Newswire.com) – Gold Standard of Care announces newest addition to Florida footprint with 105-bed assisted living Community in Lauderhill, Fla.

“GSC” plans to hire a veteran design firm to significantly improve and renovate the facility. Once completed, doors will open to seniors looking for a better living experience within the affordable assisted living field. This acquisition was key as it ties in Gold Standard of Care’s strategic continuum for communities spanning from Miami Dade through greater Palm Beach County.

 

Glamour substituted by our great care.

ALICA DAY

RELATIONS DIRECTOR

“The Gold Standard Team really distinguishes itself from the rest of the field with its unique ability to identify struggling assets and turn them around into first-class facilities that are dedicated to providing high-quality care to its residents and community,” said longstanding and trusted attorney, David Itskovich, Co-Chair of Broad and Cassel’s Real Estate Practice Group. 

Colonial Assisted Living of Fort Lauderdale will operate the property once the renovations are completed. “It’s a privilege for us to be able to roll out our expansion plans to serve the seniors we love, here in the industry that we love most,” said Ricki Kaneti, Colonial’s founder and third-generation assisted living operator. 

“Our group is pleased to execute on our strategy to acquire undervalued facilities and improve them by delivery of graceful and affordable assisted living communities throughout Florida. The only substitute for glamour is great care. We’re confident that Colonial Senior Living Group will provide that once we turn over the renovations with designing the space to one that will make City of Lauderhill proud to have us here,” said the company’s founder Michael Verbitsky.

Gold Standard has done similar turnarounds with recent projects in City of Boynton Beach, City of West Palm Beach and City of Miami Gardens, thus is slowly yet surely establishing itself as a creditable provider of seniors housing real estate with an affordable model.

About Gold Standard of Care:

Gold Standard of Care is a Florida-based seniors housing real estate company, which owns, invests, leases and improves healthcare assets. Since 2008, Gold Standard of Care has acquired, renovated and repositioned, affordable assisted living Communities in most major cities of Florida; including Miami, Ft Lauderhill, Boynton Beach, Lantana, West Palm, St. Petersburg and Tampa. “GSC” plans to further expand its footprint in early 2018 with two more affordable assisted living communities in Central Florida.

Gold Standard of Care Hires Top Architectural Design Firm

FORT LAUDERDALE, Fla., January 21, 2018 (Newswire.com) – Gold Standard of Care of Fort Lauderdale hires Charles Michelson of the esteemed architectural design firm Saltz Michelson Architects for a makeover to their recently acquired assisted living facility in Broward County, Florida. Through a long selection of many talented professionals, Saltz Michelson’s experience and portfolio of successfully completed projects made their firm the best choice for the property.

“We’re pleased to have the opportunity to design this seniors community for Gold Standard of Care of Fort Lauderdale. We believe there is real potential here to erect something beautiful within an affordable seniors living model. We look forward to working with Michael Verbitsky and his team to deliver a unique feel at this property,” says Charles Michelson, principal at the firm.

We’re pleased to have the opportunity to design this seniors community for Gold Standard of Care of Fort Lauderdale. We believe there is real potential here to erect something beautiful within an affordable seniors living model. We look forward to working with Michael Verbitsky and his team to deliver a unique feel at this property.

CHARLES MICHELSON

PRINCIPAL, SALTZ MICHELSON ARCHITECTS

Managing this 105-bed assisted living community will be Colonial Assisted Living.

“We couldn’t be more pleased in Saltz  Michelson’s decision to accept this project,” admits GSC’s founder Michael Verbitsky. “Charles Michelson is amongst the best architects I’ve seen in the nation within the space of health care architectural design. In conjunction with the management team at Colonial Assisted Living, we are eager to deliver and turn around a community that will make both the City of Lauderhill, along with neighboring seniors, say ‘wow.’”

During improvements, the community will operate and continue its lease up. “We are eager to have Colonial Assisted Living as operators. Ricki Kaneti and Colonial have had phenomenal success in turning around similar communities and effectuating real positive change within their portfolio of all communities they manage,” added Mr. Verbitsky.

“We are both excited and grateful to be awarded the management contract for this 105-bed AL. This community is much-needed in an area where there are two extremes of seniors housing facilities – either ultra-luxury or underperforming assisted living. We look forward to being able to offer a perfect median of a luxurious feel at a comfortable cost and bring value to the Broward County area with the new Colonial Assisted Living of Fort Lauderdale,” says Colonial Assisted Living’s founder Ricki Kaneti.

About Gold Standard of Care

Gold Standard of Care is a seasoned health care real estate company, which owns, invests, leases and improves seniors housing assets. Since 2008, Gold Standard of Care has acquired and improved many communities in most major cities of Florida, including Miami, Lauderhill, Boynton Beach, Lantana, West Palm, St. Petersburg and Tampa. “GSC” plans to further expand its footprint in early 2018 with two more affordable assisted living communities in Central Florida.

For more information, please call Gold Standard of Care at 800-792-6611 or visit www.GoldStandardofCare.com.

About Colonial Assisted Living Group

Colonial Assisted Living is an experienced seniors housing group that is known for turnarounds and repositioning difficult assets in the long-term care industry. In the last 10 years, Colonial Assisted Living Group has successfully cared for seniors at modest rates, while providing exceptional personalized care. 

Founded 10 years ago, by Ms. Ricki Kaneti, a third-generation assisted living owner-operator, the group has successfully grown a platform of affordable care communities through most major cities in Florida. With communities in Miami, Fort Lauderdale, Boynton Beach, Lantana, West Palm Beach, St. Petersburg and Tampa, the company is strategically positioned to meet any geographical needs statewide in Florida.

With two new communities coming online in Central Florida later this year, seniors can excitedly know that there’s a Colonial Assisted Living Community near them now or eagerly coming soon. 

Seniors Housing Developer Adds Value to Historical Building Near Downtown and Successfully Sells It for Its Intended Use

Former Assisted Living Community was sold as Alternate Use in booming St. Petersburg.

PRESS RELEASE  UPDATED: FEB 12, 2019

ST. PETERSBURG, Fla., February 12, 2019 (Newswire.com) – Seniors housing real estate developer and investment firm, Gold Standard of Care announced the sale of its sixty-unit property, formerly operating as an assisted living facility, “Renaissance Gardens,” at 2349 Central Ave, to local area hotelier in St. Petersburg, Florida.

Gold Standard of Care acquired the mid-rise building in November 2011 and made several key additions and enhancements to the property. Substantial renovations to the common areas and individual units were completed in order to add value to the resident’s lifestyles and the community at large. With the area undergoing rapid gentrification, the property better lends itself as originally built, a hotel.

“The Central Ave property was a meaningful experience for Gold Standard of Care because we got to experience St. Petersburg and its culture of success,” said Michael Verbitsky, founder of this steadily growing and experienced seniors housing development firm. “We’re pleased to have been able to transform this building from a lazy asset, to a robust community filled with vigor and years of potential for future use and enjoyment for the Buyer’s group.”

Gold Standard of Care is actively pursuing more value-add opportunities in central Florida and the extended Bay area. With the company’s nearby assets in Tampa and Orlando, Gold Standard of Care looks to leverage its existing resources and build upon local knowledge.

About Gold Standard of Care, LLC

Gold Standard of Care is a dynamic senior housing real estate development company providing value to seniors and its shareholders through investment opportunities and development in affordable seniors housing.

A private company whose founders are deeply rooted in their mission with turning around underperforming healthcare assets and adding great value to communities by uncovering the unique potential through their combined years of experience in both healthcare and real estate industry.

Founded in 2008, the Florida based group own, manage and lease assisted living communities throughout most major cities throughout S. Florida.

Source: Gold Standard of Care

Newly Renovated Colonial Assisted Living Pleased to Announce 5-Star Rating From Mayor Steven Grant

BOYNTON BEACH, FLA. (PRWEB) JUNE 16, 2018

Colonial Assisted Living, an assisted living facility for seniors in Boynton Beach, recently hosted Mayor Steven Grant and Vice Mayor Christina Romelus at their newly renovated living community in Boynton Beach.

Mayor Grant was pleased to see how well the 90-bed affordable seniors living community was being run and made a point to congratulate the staff at Colonial Assisted Living at Boynton Beach.

Colonial Assisted Living’s mission is to provide the highest possible quality of senior living for the most economically priced community for Palm Beach County.

The Mayor emphasized how much the city of Boynton Beach appreciates having resources for its seniors, especially those that aren’t able to afford the luxury rates at many of the newly built facilities that have popped up in Palm Beach County.

In addition to Colonial Assisted Living’s efforts to provide a truly caring community, Mayor Grant announced that the city is also moving toward many new programs to keep seniors safely entertained by establishing a Day Center for the elderly residents in Boynton Beach.

Executive Director at Colonial Assisted Living of Boynton Beach, Trudy Therre, along with the Mayor of Boynton Beach, explored several avenues for maximizing benefits to the quality of life for the city’s most loyal and longest-lived seniors through a partnership with the city.

“It was truly a pleasure to engage with the new Vice Mayor and the City Mayor on these hot topics for seniors and how well concentrated the new city leadership remains in the areas of growth, cleanliness, support, and our resident’s wellbeing,” said Ms. Therre.

Mayor Grant shared a 5-star review upon leaving and said, “Just visited Colonial Assisted Living and very happy to see all the upgrades that are going on!”

About Colonial Assisted Living at Boynton Beach

Colonial Assisted Living at Boynton Beach is part of the Colonial Assisted Living group of affordable seniors living communities in Florida. The company’s founder, Ricki Kaneti, has been operating assisting living communities in the State of Florida since 2008 and is the third generation of owner-operators.

Colonial Assisted Living is on a mission is to provide the absolute best accommodations in care and daily living for seniors at affordable pricing. Though privately held, the company operates communities in Miami, Broward, Lantana, Boynton Beach, West Palm Beach and Tampa. All communities are locally owned and locally operated.

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