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Tryko Assumes Management of Rock Glen Skilled Nursing Property in Baltimore

| January 20, 2015 | 0 Comments

Rock Glen

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Tryko Partners
575 Route 70
2nd Floor
Brick, NJ 08527

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Release Date: Tuesday, January 20, 2015

Media Contact: Caryl Bixon-Gordon (201) 796-7788

Third-Generation Owner/Operator to Launch $1M Upgrade and Repositioning

BALTIMORE, Md., Jan. 20, 2015 – Six months after acquiring Rock Glen Nursing and Rehabilitation Center in Baltimore, Tryko Partners, LLC has assumed operational management for the 120-bed property at 10 North Rock Glen Road. The firm will immediately launch a $1 million upgrade and repositioning at the facility, which has been renamed Westgate Hills Rehabilitation and Healthcare Center.

According to Barry Munk, vice president of nursing home operations for Marquis Health Services, Tryko’s in-house healthcare division, the improvements will include physical renovations as well as service and program enhancements as the firm works to refocus the property toward short-term, subacute patient care. An expanded, 1,500-square-foot therapy gym is among the plan highlights. Tryko Partners also will renovate family gathering areas, incorporate a fine dining program, and update finishes throughout the Westgate Hills building to create a homelike environment.

“Providing quality of life is a key component of the Tryko/Marquis philosophy,” noted Norman Rokeach, director of nursing home operations for Marquis Health Services. “For three generations, we have been catering to the needs of our patients and their families, with energy and excellence at the center of everything we do.”

The company’s distinctive approach also includes providing care customized to individual needs, and working with the local healthcare community to develop programs that expand options for regional residents. “We are coming in with an excellent staff already in place at Westgate Hills,” Munk said. “We will add to the team with an in-house respiratory therapist and nurse practitioner. Already, we are working with local cardiac and pulmonary groups to develop enhanced services in those critical areas.”

Uri Kahanow, Tryko Partners’ director of acquisitions, commented that Westgate Hills is a welcome addition to the company’s skilled nursing portfolio, offering newer construction, modern aesthetics and a strong location in the heart of a medical-rich market. “This property is a natural fit for us,” he noted. “We are an established skilled nursing owner and operator, with more than 2,000 beds under management – including several U.S. News and World Report five-star rated properties. And while Westgate Hills is our first healthcare property in Maryland, we are deeply familiar with the market having been here for many years as a multifamily owner and manager.”

In fact, Tryko Partners owns and manages more than 2,000 apartment units in Maryland, including several in Baltimore and its suburbs, and the company maintains a corporate office in the city. Its involvement in Westgate Hills follows several years during which the property was managed by an out-of-state operator. “Westgate Hills recently has flown under the radar as a go-to choice for skilled nursing,” Rokeach said. “Our locally based, hands-on approach will ensure that it returns as a top selection for great patient care, modern accommodations and comprehensive services.”

A private equity real estate group, Tryko Partners also invests in multifamily properties (its full portfolio includes more than 6,000 rental units) and tax liens throughout the Northeast including New Jersey, Pennsylvania, Maryland, Massachusetts, Ohio and Virginia. The firm focuses on establishing successful, long-term partnerships with both individual and institutional investors.


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