06.11.07
Information/Sales Center Opens for “Traditions of Hershey” Senior Housing Facility
Permanent Staff Now Onsite to Greet Prospective Residents

Contact
Michael J. LaCosta, Vice President
Beckerman Public Relations
(908) 781-6420, michaelj@beckermanpr.com

PHILADELPHIA (June 11, 2007) – AMC Delancey Group, Inc., a Philadelphia-based national real estate investment company, and Traditions Development Corporation, a leading regional development organization that specializes in senior residential housing development, today announced the opening of the information/sales center for Traditions of Hershey, a 120-unit independent senior living apartment facility in South Londonderry Township, Pa.

Located at N. Thistledown Drive and Gold Finch Drive (off Route 322-Horseshoe Pike), the information center will be open Monday – Friday from 9:00 am to 5:00 pm and on weekends and evenings by appointment. Information center visitors will be able to speak with executive director Lisa Allen, director of marketing Karen Norman and marketing associate Timothy George about the studio, one- and two-bedroom apartments that will be available from $1,700 to $3,000 per month, inclusive of meals, activities and services. Additionally, visitors will be able to review renderings of the facility and finishes being used in construction, as well as floor plans of the available apartments.

“Opening the information center is a big step in introducing a facility like this into a new community,” said David Lovitz, principal of Traditions Development Corporation. “We are especially pleased to already have two members of the permanent management team on-site to meet with residents and begin establishing relationships in the Hershey area.”

Kenneth P. Balin, president and CEO of AMC Delancey Group, added, “With construction well underway, opening the information center represents a tremendous leap forward for our independent senior living strategy. AMC Delancey is thrilled to be associated with this property, as it’s a unique senior residential project that is creatively designed with numerous amenities and a high-quality environment at an affordable price. We’re confident that when local market seniors visit this property, the demand will be incredibly strong.”

Currently under construction and scheduled to open in 2008, Traditions of Hershey will also offer an abundance of services and activities for its residents. Some amenities include a fitness center; pre-scheduled transportation for doctor visits and other local excursions; lunch and dinner, with breakfast upon request; and a variety of other amenities and services. For more information about Traditions of Hershey, interested parties can call 717-838-2330.

About Traditions Development Corporation
Traditions Development Corp. includes the principals of Preferred Development, which specializes in the development of senior residential housing, and Heritage Senior Living, LLC, a property management firm specializing in the senior living industry. Preferred Development draws upon more ten years of industry of experience to assist numerous private developers and owners to start successful projects. The company has developed 40 senior care buildings in nine states with a total project cost of over $350 million. Heritage Senior Living currently manages ten facilities in Pennsylvania and Virginia. Heritage recruits and trains the staff for each facility and provides ongoing management of day-to-day operations. This includes marketing, financial management and regulatory compliance. Heritage also provides consultation on facility design and development.

About AMC Delancey Group
Founded by Kenneth P. Balin in 1992, AMC Delancey Group, Inc. is a leading real estate investment and development firm that aligns interests and co-invests with a growing number of real estate operating partners throughout the United States. Headquartered in Philadelphia, Pennsylvania, the Company's programmatic approach focuses first on the quality of potential operating partners, next on their investment strategies, and then on the specific properties proposed for acquisition. The Company's current investment programs include hotel, office, retail, multi-family, condominium, mixed use, and land development. AMC Delancey plans to expand these and future investment programs throughout the United States, with both existing and new operating partners, with investments targeted over the next several years in excess of one billion dollars. For more information, visit www.amcdelancey.com.

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