Medallion, Patriot Join Forces

December 6, 2004
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GRAND RAPIDS — Medallion Management Inc. recently entered into its second collaborative effort in just the last four months.

In August, Medallion, which owns and operates the Marsh Ridge Senior Community on the city’s northwest side, formed a unique business relationship with the Grand Rapids office of Edward Jones.

A few weeks ago, Medallion, which also owns the northwest side Grandview Apartments, joined forces with Patriot Realty. The local residential real estate firm will help seniors interested in moving into Marsh Ridge sell their homes.

“We looked at several companies to help with transitioning people and Patriot rose to the top because of their special designation,” said Mark Wester, president of the Kalamazoo-based Medallion Management.

The special distinction Wester referred to belongs to Jeannine Lemmon, a Realtor with Patriot. She has earned the Seniors Real Estate Specialist (SRES) designation from the Senior Advantage Real Estate Council in Murphys, Calif.

The council monitors issues and trends that affect the senior housing market and offers training to brokers who make those age 50 and older the center of their business.

“Serving the over-50 market has become a primary focus of Patriot Realty. Our affiliation with the Senior Advantage Real Estate Council helps us serve our senior clients more effectively and in an understanding and personal way,” said Lemmon.

Roughly 20 percent of KentCounty’s population is 55 years old and older.

“As a SRES, Ms. Lemmon concentrates a significant portion of her real estate practice on serving this growing segment of the real estate market, and that is what made her and Patriot so appealing to us,” said Wester.

Patriot Realty is located at

3737 Lake Eastbrook Blvd. SE

The affiliation Medallion created with Edward Jones advises seniors on whether they qualify financially to live at Marsh Ridge, whether they can hold on to their assets if they move there, and how they can invest their funds. Medallion can’t advise clients on financial matters because it isn’t licensed to do so.

Medallion owns 80 apartment complexes in Michigan. Most are geared toward serving retirees on fixed incomes and some receive state subsidies. Marsh Ridge, with 149 one- and-two-bedroom units, is located on

Lake Michigan Drive NW
just west of
Collindale Avenue
. Grandview Apartments at
1925 Bridge St. NW
has 196 units.    

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