Edgewood Expands North Dakota Operations

June 1, 2017

FOR IMMEDIATE RELEASE
News Release

Contact: Russell G. Kubik
Title: President, Edgewood Healthcare
Phone: 701-738-2000

(Grand Forks, N.D.) Edgewood announced the expansion of its North Dakota operations. Edgewood Real Estate Investment Trust (REIT) will acquire Hawks Point on June 1, 2017 and enter into a long-term agreement to lease the community to Edgewood Healthcare, Grand Forks, ND. The independent living and assisted living community is located on Dickinson State University’s campus in Dickinson, North Dakota.

“We are pleased to welcome Hawks Point to the Edgewood family,” said Russell G. Kubik, President of Edgewood Healthcare. “It’s easy to see they will be a great fit for Edgewood and we are confident our management group will assist this community in continuing to offer high-quality, consistent and innovative services to the citizens of Dickinson and the surrounding area. Our reputation for providing excellent senior services in a safe, home-like environment will serve the independent and assisted living residents of Hawks Point well,” continued Kubik.

About Edgewood Healthcare
Edgewood Healthcare is the leading operator of senior living communities in the upper Midwest. Since 1992, Edgewood has been committed to helping seniors stay as independent as possible, for as long as possible, with well-trained staff members in communities designed for residents to receive various living and care options. Currently, Edgewood operates 59 independent living, assisted living and memory care communities with nearly 4,000 beds in seven states (North Dakota, South Dakota, Minnesota, Montana, Nebraska, Wyoming and Idaho) and employs nearly 2,700 people. Edgewood Healthcare’s corporate offices are located at 322 Demers Avenue, Suite 500, Grand Forks, N.D.

About Edgewood Real Estate Investment Trust
Edgewood REIT is a Grand Forks-based Real Estate Investment Trust (REIT) that invests in senior housing communities and multi-family properties in the upper Midwest. Edgewood REIT’s affiliation with Edgewood Healthcare provides access to a knowledgeable senior housing operator which greatly minimizes the risks associated with owning a senior housing asset portfolio. The company has over 500 investors, most of which are North Dakota residents.

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