Senior Resource Group, LLC, headquartered in Solana Beach, Calif., announced on Tuesday that it had assumed the management and operations of Monarch Village San Francisco in Daly City, Calif., in a deal with undisclosed terms.
The 208-unit independent living community has been renamed Peninsula Del Rey. Located at 165 Pierce Street in Daly City, the community opened in October 2011.
“While we’ve been serving seniors for more than 20 years, we are excited to provide this new, purpose-built community with the wide range of programs and resources that meet the individualized requirements of the local marketplace,” said Michael Grust, SRG president & CEO, in a statement. “With experience serving the Bay Area, we understand their needs and can deliver the exceptional service they deserve.”
Peninsula Del Rey represents SRG’s eighteenth property and solidifies the company’s presence in California. Seven of its properties are now located in California, with another seven in neighboring Arizona.
Going forward, SRG plans to continue growing through a strategy that includes ground-up development, strategic acquisitions, and management.
Written by Alyssa Gerace