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Presbyterian acquires Springwood senior housing management division

By - Last modified: January 8, 2013 at 11:34 AM

York County-based Presbyterian Senior Living has acquired the senior housing management division of Springwood Real Estate Services, also based in the county, according to a news release.

Presbyterian also announced the acquisition of four Springwood senior housing properties, with ownership transfer expected in the first quarter of this year, the release stated.

The four properties in the York and Shrewsbury areas are senior housing projects funded with tax credits provided by the Pennsylvania Housing Finance Agency, according to the release.

Presbyterian Senior Living is a nonprofit providing retirement and senior care services to more than 5,400 seniors at locations in Delaware, Maryland, Ohio and Pennsylvania, according to the release.