06.28.07
Lisa Allen Named Executive Director of "Traditions of Hershey" Seniors Housing Community
 

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

PHILADELPHIA (June 28, 2007) – Lisa Allen, a native of Harrisburg, Pa., and a 14-year industry veteran, has been named the executive director of Traditions of Hershey, a 120-unit independent senior living apartment community under development in South Londonderry Township, Pa. Traditions of Hershey is being developed by 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.

As executive director, Allen will oversee all community operations, including marketing, dietary, housekeeping, maintenance and activities. She will also ensure that Traditions of Hershey reaches its goals of occupied units, expense control and budget profit margins.

Prior to joining Traditions of Hershey, Allen spent the last six years as the director of administrative services for the Providence Service Corporation in Fredericksburg, Va. Before that, she held several positions of increasing responsibility with Family Trauma Services, Inc. in Alexandria, Va.; Marriott Senior Living-Brighton Gardens Assisted Living in Arlington, Va.; Clinical Associates for Rehabilitation and Evaluation, Inc. in New York; and several other organizations in New York.

“Lisa’s broad experience in senior housing and outpatient environments will play a major factor in her successful management of Traditions of Hershey,” said David Lovitz, principal of Traditions Development Corporation. “Having her on board prior to opening is also wonderful, as it gives her an opportunity to build relationships with our neighbors prior to residents moving into their apartments. As a native of central Pennsylvania, Lisa will play an important role in introducing Traditions of Hershey to the community.”

Kenneth P. Balin, president and CEO of AMC Delancey Group, added, “AMC Delancey is thrilled that Lisa has been hired as the executive director of Traditions of Hershey. As we move forward with our independent senior living strategy, having experienced professionals on staff will further promote the appeal of Traditions of Hershey.”

Currently under construction and scheduled to open in 2008, Traditions of Hershey will offer residents an abundance of services and activities, including a fitness center; in-house movie theater; pre-scheduled transportation for doctor visits and other local excursions; lunch and dinner; and a variety of other amenities.

The Traditions of Hershey information center, located at N. Thistledown Drive and Gold Finch Drive (off Route 322-Horseshoe Pike), is open Monday to Friday from 10:00 am to 6:00 pm and on weekends and evenings by appointment. Information center visitors will be able to speak with 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 $1,800 to $2,700 per month, inclusive of meals, activities and services. Additionally, visitors will be able to review renderings of the community and finishes being used in construction, as well as floor plans of the available apartments. For more information about Traditions of Hershey, interested parties can call 717-838-2330.

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.

# # #