Rockland Trust Finances $13M to MAB for Sixteen Group Homes

BOSTON — Rockland Trust has provided over $13 million in financing to MAB Community Services (MAB) to purchase sixteen group homes, which have been leased to house individuals MAB has served for as long as 18 years. MAB has a long-standing commitment of transforming the lives of those with disabilities. This transaction will enable MAB to control the costs associated with the vital services they deliver to their 80 residents.

“By financing the purchase of these houses, Rockland Trust is allowing MAB to stabilize the housing of more than 80 individuals with intellectual disabilities and brain injuries. This is about allowing vulnerable people to remain in their homes; it’s more than a real estate transaction,” said Barbara Salisbury, Chief Executive Officer at MAB Community Services.

“As a community-oriented bank, Rockland Trust is always looking for opportunities to invest in the neighborhoods we serve”, said David Lawson, Vice President, Commercial Loan Officer at Rockland Trust. “We are honored to partner with MAB, financing this critical transaction which supports their mission and aids their ability to create opportunities for individuals with disabilities throughout our community.”

Below is a list of the properties that are included in MAB Community Services’ acquisition:

• Blanchard Rd. Belmont, MA
• Brighton St. Belmont, MA
• Dummer St. Brookline, MA
• Woodcliff Rd. Brookline, MA
• Carol Dr. Dedham, MA
• Cass Ave. Dedham, MA
• Joan Rd. Hyde Park, MA
• Summer St. Hyde Park, MA
• Thatcher St. Hyde Park, MA
• West Milton St. Hyde Park, MA
• Mary Ellen Rd. Newton, MA
• Wetherell St. Newton, MA
• Durnell Ave. Roslindale, MA
• Northdale Rd. West Roxbury, MA
• Church St. West Roxbury, MA
• Meadowbrook Rd. Westwood, MA