Peninsula Health Care District
The District is a political subdivision of the State of California as defined in California Health and Safety Code Section 32000. Pursuant to its legislative mandate, the District addresses the health needs of a population within a defined geographic area under the governance of its 5-member locally elected Board. The District is one of 22 independent special districts in San Mateo County and serves residents of San Bruno, Millbrae, Burlingame, Hillsborough, San Mateo and Foster City. The District was established by the voters on December 2, 1947 and has been serving its constituents continually for more than 70 years.
Who Will Own the Project?
The District owns the land and will retain fee simple ownership of the land. The District will ground lease the land to Pacific Medical Buildings (PMB), Generations and MidPen Housing (collectively, “Developer”), experienced real estate development partners who will finance, build, own, manage and operate the components of the PWC. This arrangement is is similar to the existing ground lease and partnership the District has with Sutter Health’s Mills-Peninsula Medical Center.
PMB’s mission is to improve healthcare delivery, effect change and positively impact communities. As a healthcare real estate developer focused on the continuum of care, PMB can provide the infrastructure to cure disease, heal families and empower the greatest minds in the industry. Healthcare is in our DNA. Our company is 100 percent focused on healthcare real estate across the continuum of care – from community-centric health and wellness to health-focused seniors housing, outpatient, inpatient and post-acute care. PMB has developed over 100 facilities to date representing approximately 5.5 million square feet. The firm owns and manages 66 medical facilities comprising over 4.2 million square feet. For more information visit www.pmbllc.com
Generations is a family owned senior housing operator, owner, and developer serving seniors and their families since 1943. Our mission of enhancing lives and celebrating excitement living is exhibited in the innovative designs, programs, and services that is cherished at all our communities. Generations has owned and operated over 4,000 units of senior housing throughout the West. The company is based in Portland, Oregon and currently operates communities in Oregon, Washington, Utah, California, and Colorado. We are a family serving families. For more information visit: www.generationsllc.com
About MidPen Housing Corporation
It is the mission of MidPen Housing to provide safe, affordable housing of high quality to those in need; to establish stability and opportunity in the lives of residents; and to foster diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony and mutual respect. Since 1970, MidPen has developed and professionally managed over 8,000 homes for low-income families, seniors and those with special needs. With offices in Foster City, Oakland, Santa Rosa and Watsonville, MidPen works in 11 Northern California counties. For more information visit: www.midpen-housing.org