Washington Trust Provides $30 Million to Benchmark for Popular New Pond Village Community in Walpole
"Benchmark and New Pond Village are gratified by the investment Washington Trust has made in this lovely community," says Sarah Laffey, Benchmark's Chief Investment Officer. "Walpole families have experienced the human connection and compassionate care that our associates have provided to residents and families over the years, and this investment can help assure them that New Pond Village will be here for generations to come."
With 167 independent living units, New Pond Village offers homes for active seniors who are looking to socialize, stay active and who no longer want the worry of owning a home. The independent living units comprise 57 one-bedroom and 110 two-bedroom apartments. The community also offers 17 assisted living units where residents receive assistance with the activities of daily living, such as dressing, bathing and taking medications.
"Washington Trust is appreciative to again have the opportunity to partner with Benchmark on this beautifully renovated community in Walpole," says Scott McCaughey, Vice President of Commercial Banking. "The newly renovated common areas and apartments offer the state-of-the art amenities important to the residents living in this wonderful community".
Based in Waltham, Massachusetts, Benchmark (https://www.benchmarkseniorliving.com/?
Washington Trust's Commercial Banking Group provides multi-million financing to leading businesses, manufacturers, hospitals, and educational institutions throughout the Northeast. The Group offers a full line of commercial and industrial lending services, including business lines of credit, term loans, international banking services, as well as comprehensive cash management services and bank-at-work conveniences. Washington Trust's team of experienced professionals are dedicated to providing customized, comprehensive financing and personalized services. For more information, contact Scott McCaughey (https://www.washtrust.com/
ABOUT WASHINGTON TRUST®
Founded in 1800, Washington Trust (https://www.washtrust.com/)
Established in 1997 and based in Waltham, Mass., Benchmark operates 58 communities and is the leading provider of senior living in the Northeast. Founder, Chairman and CEO Tom Grape has led Benchmark and its 6,400 associates to achieve $2.5 billion in company value and $500 million in annual revenue. Among numerous workplace awards, the organization in 2019 was selected for the second consecutive year as a Great Place to Work. In 2018, it was selected by Fortune magazine for its inaugural Best Workplaces for Aging Services list, taking the number 16 spot on the list of top 40 aging services companies and ranking third among companies with more than 40 communities. Benchmark is one of only six companies named to The Boston Globe Top Places to Work list every year of the 11 years it has been published. And it has been consistently recognized by Boston Business Journal, Hartford Courant and Hartford Business Journal as a top workplace, and by the Boston Business Journal, Providence Business News and Hartford Business Journal as one of the healthiest employers. Click here for more information. (https://www.benchmarkseniorliving.com/?
Carol Arnold, Arnold Communications