PRS Expands, Secures New Client Contracts
Medford-based PRS isn't just the parent company of large retirement communities. It also serves clients—and now there are more.
(Medford, Oregon) May 12, 2014 – Pacific Retirement Services, Inc. (PRS), a not-for-profit leader in senior housing and care, announced today that it has secured various new management, marketing, and development consulting contracts. In addition to operating its own affiliated Continuing Care Retirement Communities—including Rogue Valley Manor in Medford, Oregon—PRS leverages its well-established team of professionals, programs and systems to support the success of other retirement communities.

This marks yet more growth for PRS, which has been steadily expanding since its inception in 1991. PRS is ranked the nation's 14th largest "Not-for-profit Multi-site Senior Living Organization" in the industry's LeadingAge Ziegler 100 rankings.

NEW CONTRACTS
New Management Contract with Moldaw Residences, Palo Alto, California, which is owned by a previous client of PRS: Jewish Senior Living Group. PRS will perform on-site management and provide support in all areas of operation.

Development Contract with Holladay Park Plaza, Portland, Oregon, a Continuing Care Retirement Community (CCRC) and PRS affiliate. PRS was contracted to develop and is now finishing construction on a new six-story residential building, Holladay Place. Slated to open in September 2014, it will add 19 new apartments, a lobby and additional parking.

Development Contract with Trinity Terrace, Fort Worth, Texas, a CCRC and PRS affiliate. PRS is currently developing the River Tower, a new residential high-rise at Trinity Terrace. This 23-story addition will add more than 100 new apartments and healthcare beds to Trinity Terrace. Construction will start in late 2014.

Development Contract with Cascade Manor, Eugene, Oregon, a CCRC and PRS affiliate. PRS is currently developing 29th Place, a new residential building at Cascade Manor. This addition will add 30 new apartments and a new dining option for Cascade Manor. Construction will start in summer 2014.

Development Contract with The Meadows of Napa Valley, Napa, California, a CCRC and a management client of PRS. PRS is in the planning stages to develop a new residential building and an Aquatic and Wellness Center. This project will add 53 new apartments and new dining facilities to the Meadows. Construction is planned for spring 2015.

"Sharing our skills and knowledge with other retirement communities has been important to our long-term success," says Brian McLemore, President and CEO of PRS. "It also expresses our core values to assist other not-for-profit retirement communities in achieving success. Working with diverse client communities and markets has helped us hone our services and expand our expertise, which benefits every community in the PRS family."