Ingleside at King Farm is a Life Plan Community located in Rockville, Maryland approximately 16 miles from Washington D.C. and approximately 32 miles from Baltimore. Ingleside engaged Greenbrier to assist with preparation and implementation of a Repositioning Plan which was needed to correct deficiencies in the original design, complete the continuum of care and expand wellness programs and amenities.
The key objectives outlined by Ingleside were to meet excess market demand for independent living, complete the continuum of care by adding assisted living memory care apartments, add additional garage parking on campus, and add additional amenities to the Community that focus on expanded dining and wellness programs. In order to help financially support the project, 122 new independent living apartments will be added to enhance operating margins and debt capacity.
The Repositioning is on track to be financed in 2018 and open in 2020.