Meeting Demand for Senior Housing in Montgomery County
BALTIMORE, MD – January 22, 2019 – Upon the relocation of Marriott International, Inc., in 2022, Erickson Living plans to redevelop the 775,000-square-foot global headquarters into a continuing care retirement community. Acquisition of the headquarters, located in Montgomery County's Rock Spring area just off of I-270 in North Bethesda, was completed in December 2018.
"As a thriving urban center, this location provides an ideal opportunity to further expand our service offerings in the State of Maryland, as well as Montgomery County," said Alan Butler, Chief Executive Officer, Erickson Living. "As a trusted leader in senior housing and health care, we embrace the opportunity to serve communities by meeting the growing demand for senior housing."
Specific payment details on the property sale are not being disclosed at this time. The Master Plan for the Rock Spring area of Montgomery County was updated by the Maryland-National Capital Parks and Planning Commission in 2018. While Rock Spring has been developed over the years as a suburban office park, the updated plan encourages more residential and retail uses.
Erickson Living is one of the nation's largest senior living providers and has been recognized as a National Top Workplaces providing dynamic and rewarding environments for its career professionals. The company's heritage of innovation in senior housing development is reflected in new products offerings that enrich community spaces, as well as stand at the forefront of emerging industry trends.
About Erickson Living: Erickson Living® is a nation-leading developer and manager of continuing care retirement communities. The Erickson Living network currently comprises 20 communities in 11 states, which together are home to more than 27,000 residents. Further information regarding Erickson Living is available at EricksonLiving.com.