April 8, 2022

AHEPA Management Acquires Second Florida Property

*FISHERS, Ind. — *AHEPA Affordable Housing Management Company (AMC) has acquired AHEPA 18 Senior Apartments, a 98-unit affordable senior housing community located in West Palm Beach, Fla., effective April 1, 2022, announced AMC President and CEO Steve Beck. AMC purchased the property from AHEPA 18, Inc., and will continue to manage it.

“We are pleased to expand our ownership portfolio of affordable senior housing communities in Florida,” Beck said. “The property is in a well-positioned location with several conveniences within a five-mile radius, including retail and restaurants, grocery stores, and houses of worship. Our plans for future improvements include pursuing a RAD for PRAC conversion for renovations to ensure a lasting preservation and to continue with providing quality on-site management and supportive services for our residents, enhancing their quality of life.”

AHEPA 18 Senior Apartments will be renamed, AHEPA West PalmBeach. Opened in 1995, it is a three-story building with one-bedroom apartment units and an elevator. Additional amenities include: a community room with TV/cable, a computer room, library, fitness center, and coin-operated laundry room. Support service coordination is offered.

AHEPA West Palm Beach is located at 4370 Community Drive, West Palm Beach, FL 33409.

With the AHEPA West Palm Beach acquisition, AMC owns six of the 87 affordable senior housing communities in its nationwide management portfolio. Two of the six are in Florida, AHEPA West Palm Beach and AHEPA North Miami.

AHEPA Senior Apartments communities offer very low-income older adults over the age of 62 residential apartment-home living with voluntary supportive services they may need to continue to live independently as they age. The services may include meal services, case management, transportation assistance, public benefits programs enrollment assistance, fitness and wellness programs, housekeeping assistance, and health services.

About AMC

AHEPA Affordable Housing Management Company (AMC) is a mission-driven, nationwide provider of affordable independent senior living and affordable assisted living communities. It has developed and manages 87 affordable independent senior living communities in 19 states that are administered by the U.S. Department of Housing and Urban Development’s Section 202 Supportive Housing for the Elderly program.

AMC, through its subsidiaries, Hellenic Senior Living, Inc., and Hellenic Management, Inc., owns and manages four affordable assisted living communities with 532 units located in Indiana.

AMC is a subsidiary of AHEPA National Housing Corporation (ANHC) and is based in Fishers, Ind.