Kohl Asset Management Named Property Manager for Heritage Pointe of Teaneck

By admin • February 1, 2010

TEANECK, N.J., Oct. 21, 2009 – Kohl Asset Management (KAM), a division of Kohl Partners, has been named property manager for Heritage Pointe of Teaneck, a full-service rental retirement community located in Bergen County, New Jersey. Kohl Asset Management has been a strong presence in Teaneck for more than 25 years and will bring the resources and relationships to Heritage Pointe of Teaneck to make the community a success. A specialty housing, hospitality and senior living management, development and financial services firm based in Congers, N.Y., KAM manages approximately $1 billion in diverse real estate assets including 30 senior housing communities in New Jersey, New York, Pennsylvania and Connecticut. The company, which was based in Teaneck, N.J. for many years, was founded by a long-time Bergen County resident and national senior housing ICON Leonard Kohl (NAHB) approximately 50 years ago.

Heritage Pointe of Teaneck offers spacious one-, two- and three-bedroom apartments, distinctive amenities, spa membership, fine dining and an array of on-site activities and excursions for residents. Health care is provided on-site by independent area agencies and physicians. The community is located directly off Interstates 80 and 95, near Route 4, adjacent to the Glenpointe Complex and adjoining 46 acres of natural woodlands within the protected Teaneck Creek Conservancy.

“In many ways, this assignment is like a homecoming for us,” noted Drew Barile, chief executive officer of KAM, who was joined by Mr. Kohl at an introductory presentation for the community’s residents this fall. “We are evaluating the property, services and operations, and interviewing residents and staff, listening to everyone. We want to make sure we do our best to satisfy individuals who live here now and work to create an atmosphere that will continue to attract new residents.”

“The community has an excellent staff and a diverse resident population that enjoys educational, cultural and recreational interests,” added Lisa Kelly, Kohl Multi-Family Operations Director. “Our plans include adjusted below-market rental rates which, along with service enhancements and a commitment to quality, will help the property excel and fill a vital niche for area residents looking in this region for a full-service rental retirement option in a warm and caring environment.”

More than 50 residents and family members participated in the KAM introductory meeting, which included an overview by Barile of the company’s plans for Heritage Pointe as well as an extensive question and answer session.

“We are very encouraged,” noted Arlene Arnold whose mother, Paula, was the first resident to move to the community five years ago. “The new company has shown that they care, they know the business, and they were very positive. We are looking forward to their contribution to help fill this beautiful community.”

Anyone interested in learning more can visit the community’s Web site at www.HeritagePointeOfTeaneck.com.