GMH Ventures and GMH Capital Partners of Newtown Square, PA Announce Groundbreaking For Futures of Palm Beach In Tequesta, Florida
Apr 18, 2012, 10:05 ET
NEWTOWN SQUARE, Pa., April 18, 2012 /PRNewswire/ -- GMH Ventures of Newtown Square, PA, in a collaborative effort with GMH Capital Partners, is pleased to announce the groundbreaking for the development of Futures of Palm Beach® located in Tequesta, Florida. The Palm Beach facility is GMH's initial location for the Futures Wellness & Recovery Centers, and is the second addition to the GMH Ventures Healthcare Division (GMH Ventures recently announced the acquisition of Dynamic Healthcare Solutions in Harrisburg). Futures of Palm Beach will provide personalized substance abuse and eating disorder treatment services for cliental who want the highest level of recovery in a serene and idyllic environment. Guests of the new facility will have all the comforts and services of an exclusive five-star hotel, with innovative treatment strategies from the finest rehabilitation professionals in the country. GMH plans to officially open the new facility in the fourth quarter of 2012.
As GMH Ventures began its programmatic model development for the Futures Wellness & Recovery Center concept it tasked sister company, GMH Capital Partners, to locate and acquire a site meeting the strategic requirements of the Futures program. The Tequesta location is the first of many nationally diverse Futures Wellness and Recovery Centers that GMH Ventures plans to develop in partnership with GMH Capital Partners.
"It's an ideal set of circumstances that allowed us to move forward with the Futures Wellness & Recovery location in Tequesta," stated Michael Holloway, Senior Vice President of GMH Ventures. "Our executive director, Timothy Worden has developed a program that will provide extensive and personalized treatment far superior to most other programs. The location provides residents with large personal living suites as well as a spacious property that we are currently renovating and enhancing to become our flagship model. Addiction recovery is never an easy process, but we hope to make our guests feel as comfortable and relaxed as possible so they are able to fully focus on their treatment," finished Holloway.
As the real estate arm of GMH Associates, GMH Capital Partners is responsible for all acquisitions, development and management of the GMH real estate portfolio. Futures of Palm Beach is the latest addition to the GMH Capital Partners niche-based endeavors, including a new student housing development in Salisbury, MD.
"We are pleased to assist GMH Ventures in finding an ideal site to support the Futures Wellness Centers business model, and make this remarkable project a reality," stated Gary M. Holloway Jr., President of GMH Capital Partners. "We've formed a great relationship with the Village of Tequesta to bring this state-of-the-art facility to Palm Beach County. Futures of Palm Beach represents a commitment to excellence in both services and facilities. Residents of Futures will receive only the finest level of care and treatment, as well as unrivaled living amenities, state-of-the-art equipment and tremendous recreational activities. The treatment program and the facility are being developed simultaneously together between the GMH Ventures and GMH Capital Partners teams, allowing us to bring a superior product to market."
GMH is actively seeking unique locations in select markets to expand other Futures Wellness facility locations. Criteria for locations include the acquisition of existing licensed substance abuse facilities, land sites for ground-up development or assets which may be repurposed, all of which are located within a 60-minute car drive of major metropolitan airports.
About GMH Ventures:
GMH Ventures is a private equity group/family office, headquartered in Newtown Square, PA. Founded by Gary M. Holloway as a vehicle to make controlling equity investments in middle-market companies, GMH Ventures is committed to making long-term investments in companies in the manufacturing, distribution and services industries that have strong and experienced in-place management. Being solely owned, GMH Ventures has flexibility in its approach and strategy to purchasing, owning and operating its portfolio of companies and is constantly looking for new and exciting opportunities in which to invest. Learn more by visiting www.GMH-Ventures.com today.
About GMH Capital Partners:
GMH Capital Partners is a nationally recognized leader in the real estate market, specializing in the areas of acquisitions, construction, asset services and investment sales. GMH Capital Partners has developed numerous successful communities and housing developments around the United States for various types of real estate including college, military, multifamily, retail and commercial. GMH Capital Partners provides streamlined resource and solutions to its customers, clients and tenants by utilizing strategic planning, integrated technology solutions and an expert management team.
SOURCE GMH Ventures; GMH Capital Partners
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