Edgewood invites the Public to Join a Groundbreaking Ceremony for new Residential Senior Health Campus and Medical Office

November 4, 2019

Edgewood Healthcare and Edgewood Real Estate Investment Trust (Edgewood REIT), both of Grand Forks, N.D., invite the public to join in a groundbreaking ceremony on Wednesday, November 6, 2019 at 4pm. Construction is set to begin in early November on Edgewood’s new residential senior health campus and medical office in Grand Forks, located between 40th Avenue S and 47th Avenue S, west of Altru Health System’s South Campus. The ceremony will take place at the 47th Avenue S entrance.

Plans for the 20-acre, 170-unit development include approximately 30 patio homes for those 55+, a senior living building with 112 Assisted Living and basic care apartments and a 28-unit Memory Care community, specially designed for those living with Alzheimer’s disease or other forms of dementia. Anticipated on-site services and amenities include a therapy gym, clubhouse, bistro, coffee shop, rooftop patio, fitness center, chapel, theater and on-campus ponds and walking paths. The campus will also include an on-campus walk-in clinic to treat residents as well as the public.

“Edgewood has a long history of providing quality care and services to seniors in our area and we look forward to continuing that tradition today and for years to come,” said Philip Gisi, owner and CEO of Edgewood. “Working with a variety of area medical providers over the years has been a great experience. We look forward to partnering with Altru Health System to improve access to these vital resources and health services, helping enhance the quality of life for our area seniors,” continued Gisi.

The new campus will be home to Edgewood’s third Grand Forks-area senior living community. Edgewood Healthcare currently operates both Edgewood Parkwood, 749 South 30th Street, Grand Forks and Edgewood Memory Care, 608 5th Avenue NW, East Grand Forks. Edgewood REIT has also entered into a long-term agreement to lease the new senior health campus to Edgewood Healthcare.

“We are pleased to again expand our services in North Dakota,” said Robert Ford, Jr., Chief Operating Officer of Edgewood
Healthcare’s Senior Living division. “This is home for our company, , it only makes sense that we continue offering highquality,
consistent and innovative care to our neighbors and friends in Grand Forks,” continued Ford.

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 owns
and/or operates 62 independent living, assisted living and memory care communities with over 4,100 beds in seven
states (North Dakota, South Dakota, Minnesota, Montana, Nebraska, Wyoming and Idaho), and employs nearly 2,800
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 Fargo-based Real Estate Investment Trust (REIT) that invests in senior housing communities, medical
and professional offices, and multi-family properties in the upper Midwest, including a number of apartment units in
Grand Forks. 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
about 1,000 investors, most of which are North Dakota residents.

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