Seniors Housing Operator Acquires Former College of New Rochelle Campus for $32M

NEW ROCHELLE, N.Y. — The Masonic Hall and Asylum Fund, a seniors housing owner-operator, has acquired the former College of New Rochelle campus just north of The Bronx for $32 million, according to reports from The Journal News. The college declared bankruptcy in September, and sister school Mercy College absorbed all the students, faculty and programs. Although specific plans for the future of the property were not disclosed, Masonic Hall and Asylum Fund operates Masonic Care Community, a seniors housing community in Utica.

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