ACTS Retirement-Life Communities Surpasses $1 Billion in Assets
Philadelphia-based ACTS Retirement-Life Communities reached a milestone recently by surpassing more than $1 billion in total assets. The achievement occurred when ACTS completed an affiliation earlier this year with two other senior living organizations, the Peninsula United Methodist Homes and Heron Point of Chestertown, Maryland.
“ACTS was started by a group of church leaders with the mission of providing an exceptional lifestyle and compassionate care to seniors,” said ACTS President and CEO Marvin Mashner. “Today, we are proud to have built an organization that provides for the well being and security for seniors in eight states across the eastern seaboard.”
One of the nation’s largest not-for-profit continuing care retirement community (CCRC) providers, ACTS was founded in 1971 with a single campus in Fort Washington, Pennsylvania, and has grown through construction and acquisition. The company currently owns and manages 23 CCRCs across the East Coast that serve nearly 9,000 seniors.