11:00 a.m-12:00 p.m

72-L. Tapping For-Profit Expertise to Build for the Future

After several years of slower-than-desired progress in developing River’s Edge, New York City’s first life plan community, RiverSpring Living engaged Integrated Development II (ID2), a boutique senior living firm, to complete the project. Through this unique partnership, RiverSpring benefitted from ID2’s expertise without entering a formal joint venture relationship or relinquishing equity. The project is now on track to begin construction in late 2024. This session will describe how the River’s Edge project combined ID2’s entrepreneurial approach with RiverSpring Living’s nonprofit corporate structure, internal resources, and personnel. Presenters will help you understand how a nonprofit organization can work with a for-profit developer to create a winning partnership.

• Daniel Reingold, Vice Chairman, Board of Directors, RiverSpring Living
• Matt Phillips, President / CEO, Integrated Development Group II
• Nathalie Herzog-Kull, Vice President of Operations, Integrated Development Group II