By R.J. DeLuke
Peregrine Senior Living in Clifton Park has a new landlord, but the organization will not only continue to do business as usual, but has plans to expand.
Peregrine serves people with Alzheimer’s and dementia.
The 52-bed facility at 1 Emma Lane, off Route 146, recently sold for $9.65 million. Peregrine Senior Living, based in Syracuse, had been leasing the property from HCP, a real estate investment trust in Irvine, Calif. HCP sold the property to ValStone Partners, a private equity firm in Baltimore.
Stephen Bowman, president of Peregrine Senior Living, said the transaction basically results in a transfer of real estate from one landlord to another.