Press release article from our research archive:

Kapson plans assisted living facility in Stratford, CT.

WOODBURY, N.Y.--(BUSINESS WIRE)--April 7, 1997--Kapson Senior Quarters Corp. (NASDAQ, NMS: KPSQ), owner, manager and operator of assisted living facilities, announced today that it has entered into a joint venture with Stratford Assisted Living LLC to develop a 100-unit assisted living facility on an approved site at 6905 Main Street in Stratford, CT. Stratford Assisted Living is a subsidiary of Atlantic Development Group.

Construction of the facility is expected to begin in July 1997. Kapson will own 51 percent of the project, and will operate it through a subsidiary, Senior Quarters Management Corp.

Kapson ...

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