Leading residential and commercial developer targets transit-oriented markets ripe for the development of independent living, assisted living, memory care, and active adult communities

Woodmont Properties, one of the region’s leading residential and commercial real estate developers, today announced veteran senior housing executive Stephen Nichols has joined Woodmont Properties to lead the company’s new senior housing division. Nichols will oversee strategy for the development and operations of Woodmont’s senior communities, and will focus on walkable and transit-oriented markets that are well suited for the development of independent living, assisted living, memory care and active adult properties.

“As we continue to evolve and grow our portfolio, we believe there is great opportunity to meet the immense demand for high-quality senior housing options across New Jersey, New York and Pennsylvania,” said Eric Witmondt, Chief Executive Officer of Woodmont Properties. “We’re excited to take the experience we’ve gained through the creation of luxury apartment communities in some of the region’s best transit towns and downtown neighborhoods, and applying it to the development of world-class senior housing communities.”

As a multi-disciplined and vertically integrated company with a diverse portfolio of residential and commercial properties, Woodmont is known for utilizing its team’s vast set of skills to see a development concept through from raw land to fruition and success.

“Woodmont has the experience and resources to build several types of senior housing products, and I’m thrilled to be given the opportunity to lead this exciting effort,” said Nichols. “We are already targeting multiple towns that could benefit from senior housing development, and I’ll be focused on executing on Woodmont’s vision for the senior housing sector with the same level of quality that has become the Woodmont standard.”

Prior to joining Woodmont, Nichols was an Executive Director with Brightview Senior Living, where he focused on the construction, lease up and operations of new senior housing communities across the New Jersey and New York markets. He was also a Regional Vice President with Atria Senior Living, where he was responsible for the development of 18 communities from The Bronx, New York to Waterbury, Connecticut.

About Woodmont Properties

For 57 years, Woodmont Properties, based in Fairfield, N.J., has contributed to the region’s residential and commercial marketplace by developing residential communities, office buildings, retail centers, recreation clubs, hospitals and industrial properties in suburban communities, town centers and cities in New Jersey, New York and Pennsylvania. Under CEO Eric Witmondt’s leadership, Woodmont’s success in developing both residential communities and commercial properties is derived from a unique blend of innovation, integrity, the selection of superior locations, and quality design.