Navigation Links
Growth Despite Economy; Mainstreet Property Group Named One of Indiana's Fastest Growing Companies
Date:7/15/2009

Mainstreet Property Group has just been named the third fastest growing private company by the Indianapolis Business Journal. Mainstreet is a real-estate development company specializing in the senior housing and care industry. Mainstreet has grown 489% since 2006, and from 4 to 145 employees.

Cicero, IN (PRWEB) July 15, 2009 -- Mainstreet Property Group has just been named the third fastest growing private company by the Indianapolis Business Journal. Mainstreet is a real-estate development company specializing in the senior housing and care industry. Mainstreet has grown 489% since 2006, and from 4 to 145 employees.

"In order for a business to thrive in this economy, or any economy, the business plan needs to be straightforward and understandable," said Zeke Turner, chairman and CEO of Mainstreet. "Ours is just that. Mainstreet buys and builds top-quality senior care properties and then leases them back to operators. Not only is there growth in the senior care industry overall, but we have excelled with our unique approach to development," Turner added.

Mainstreet currently owns 17 senior care facilities and has several projects its development pipeline, adding even more facilities in the coming months. Mainstreet's latest project, in partnership with Trilogy Health Systems, is located in Lafayette, Indiana. At an estimated $16.6 million dollars in value, Mainstreet is developing 77,000 square feet.    

"The next generation of seniors is just not willing to accept the current supply that exists for their health care needs. From hospitals to medical offices to living facilities, the demand for things such as private rooms, restaurant-style dining and other amenities not typically found in senior care facilities, has created a great niche for Mainstreet to capture, particularly in skilled nursing and assisted living," Turner said.

Unlike most companies, the current economy has created some benefits for Mainstreet. "The downturn has not overly hampered our growth," said Ed Grogg, president and COO of Mainstreet. "Capital and construction costs are lower, skilled labor is more readily available and our strong position as a company has made financing still obtainable,"
Grogg said.

Editors Note:
About Mainstreet Property Group
Mainstreet Property Group is a real estate investment company focusing on the acquisition and development of properties in the senior care and senior housing industry, including continuing care retirement communities (CCRCs), independent living, assisted living, skilled nursing, and senior apartment buildings. Mainstreet employs a conservative, long-term approach to business led by an experienced, professional management team with extensive operating, real estate development and management, and financial backgrounds.

Mainstreet, headquartered in Cicero, Indiana, has investments in 17 properties, comprised of 2 continuum of care retirement communities (CCRC), 6 skilled nursing facilities, 4 assisted living facilities, 1 senior garden home development, 2 apartment complexes and 2 commercial office properties. Mainstreet has several projects in its development pipeline, adding more facilities in the coming months. Mainstreet's operating company, Mainstreet Asset Management, Inc., operates or manages five of these properties and has 145 employees.

# # #

Read the full story at http://www.prweb.com/releases/2009/07/prweb2634554.htm.


'/>"/>
Source: PRWeb
Copyright©2009 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Gene Connections Key to Brain Tumor Growth
2. Healthcare Reform and Green Initiatives Trigger Explosive Growth in UV Disinfection Technologies
3. Avacor(R), Premier Provider of Hair Growth Solutions, Acquired By Investor Group.
4. Hologic to Present at the 29th Annual Canaccord Adams Global Growth Conference
5. Increasing Diagnosis Rates and Growing Use of Key Agents Such as Pfizers Lyrica Will Drive Eight Percent Annual Growth in the Fibromyalgia Drug Market Through 2018
6. Ridge Diagnostics Wins Growth-Promoting Loan From Biotech Center
7. Conning Research: Health Insurance Industry Premium Growth and Profitability Under Pressure Through 2011
8. GetWellNetwork Continues Growth with Eleven New Hospital Launches and Contract Signings
9. New Day Pharmacy Receives $10.2 Million in Growth Capital
10. OmniComm Systems, Inc. Retains Emerging Growth Equities, Ltd., as its Strategic Financial Advisor
11. Riverside Partners Completes Growth Equity Investment in Vocollect, the Leader in Voice Solutions for Supply-Chain and Healthcare Workforce Management
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Growth Despite Economy; Mainstreet Property Group Named One of Indiana's Fastest Growing Companies
(Date:10/13/2017)... ... October 13, 2017 , ... As health professionals work to improve their ... The patient is doing more than filling out a survey; in many cases health ... increasing emphasis in health care and research on the importance of active engagement with ...
(Date:10/13/2017)... ... October 13, 2017 , ... ... Hannah Randall, PharmD ‘17, and Jennifer Huggins, PharmD ’17, along with clinical ... the primary prevention of cardiovascular diseases during the 15th Annual Women’s Health ...
(Date:10/13/2017)... ... October 13, 2017 , ... Ellevate Network, the leading ... to advocate for action towards gender equality at their inaugural Summit in New York ... globe, and reached a social audience of over 3 million. To watch the Mobilize ...
(Date:10/13/2017)... ... ... “The Journey: From the Mountains to the Mission Field”: the story of ... Philippines. “The Journey: From the Mountains to the Mission Field” is the creation of ... taught all ages and currently teaches a class of ladies at her church, which ...
(Date:10/12/2017)... Wis. (PRWEB) , ... October 12, 2017 , ... ... standard products to meet the demand of today’s consumer and regulatory authorities worldwide. ... of probiotic experts and tested to meet the highest standard. , These ...
Breaking Medicine News(10 mins):
(Date:10/2/2017)... -- Eli Lilly and Company (NYSE: LLY ) ... of 2017 on Tuesday, October 24, 2017. Lilly will ... the investment community and media to further detail the ... begin at 9 a.m. Eastern time. Investors, media and ... the conference call through a link that will be ...
(Date:9/28/2017)... -- Cohen Veterans Bioscience and Early Signal Foundation announce ... home sensors for real-time monitoring of patients with trauma-related ... organization focused on disruptive health solutions for rare disorders ... to record and integrate behavioral, cognitive, physiological and contextual ... ...
(Date:9/23/2017)... Pa. , Sept. 22, 2017 Janssen ... a complete response letter from the U.S. Food and ... seeking approval of sirukumab for the treatment of moderately ... letter indicates additional clinical data are needed to further ... moderately to severely active RA. ...
Breaking Medicine Technology: