SMA, Valstone Partners collaborate on renovation

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Senior Management Advisors and ValStone Partners Join in Major New Senior Living Project in Delray Beach, Florida Senior Management Advisors and ValStone Partners announced their collaboration on the renovation of two Delray Beach communities.

The properties will be known as Grand Villa of Delray East and Grand Villa of Delray West. SMA's Mel Gamzon brokered the transaction.

“Although the two communities are currently well maintained, we should see immediate benefit from planned renovations and a more hands-on management style," says Steven Piazza, president of SMA. Renovations are expected to be completed by early 2014, and the communities will remain open throughout that period. The two communities encompass 370 units. These include a mix of studio, one-bedroom and two-bedroom units.