Real House Inc. Secures Substantial Financing Deal to Upgrade Facilities and Further Expand Services in Union County
Industry: Advertising & Marketing
Essex County, NJ (PRUnderground) August 21st, 2018
After 15 years of providing Emergency Shelter and Recovery Services to women in Essex County, Real House, Inc. (RHI), under the leadership of Mr. Shawn H. Jennings, CEO, and Mr. Wally A. Choice, CFO, headquartered in Essex County, has secured a multi-million dollar financing deal to upgrade its existing operations, and to acquire the renowned Flynn House in Elizabeth, NJ). The Flynn House was one of the first halfway houses in New Jersey—since 1961—which now provides sober living services to males in Union County.
Backed by Mariner’s Bank (Edgewater, NJ) and backed and advised by Oberon Securities (New York, NY), this history-making acquisition was secured through Real House Recovery, Inc (RHR)—the non-profit arm of Real House Inc. The funding will allow RHI to also enhance its current operations, which includes six New Jersey-based facilities—two Halfway Houses for women, one in Newark and the other in Bloomfield; two Emergency Shelters, and an Intensive Outpatient Treatment office in Montclair; and a Sober Living facility for men in Elizabeth, which is in the process of becoming a licensed men’s Halfway House. This incredible opportunity sets into motion unlimited possibilities to better serve New Jersey residents facing substance abuse issues.
Currently, there are residents living at The Flynn House, and RHI has no immediate plans to make any changes to the current structure. Albeit, RHI is still planning how the newly acquired facilities will be used; it knows these facilities will be utilized in a treatment based capacity, continuing to provide much-needed supportive services to a vulnerable male population in Union County, and nearby communities. Real House Recovery, Inc. currently operates programs that serve targeted populations—adults in recovery, homeless veterans, ex-offenders reintegration and female survivors of domestic violence; and looks forward to bringing these services to the City of Elizabeth.
Although the lights have dimmed on the legacy which is Flynn House, the torch has been passed to RHI, which will continue to light the way for the vulnerable and disenfranchised. RHI remains steadfast in its dedication, concern, and selfless commitment to serve residents in need within Union County, and throughout New Jersey.
*Mariner’s Bank is an independent community bank dedicated to meeting the financial needs of individuals, families, and businesses. Mariner’s continually demonstrates social responsibility by supporting diverse civic and charitable activities through contributions and volunteer hours given generously by their directors, officers, and employees.
Pictured L-R: Mr. Wally Choice, CFO (RHI); Ray Salerno (Mariner’s Bank*); Shawn H. Jennings, CEO (RHI); and Matthew Greene and Assaf Nathan (Oberon Securities).
About Real House Recovery, Inc.
Since 2004, Real House, Inc. (RHI) has transformed the lives of over 3,000 women and men, through our emergency shelters, substance abuse treatment programs, halfway houses and sober living homes. In July 2017, the nonprofit arm of Real House, inc.—Real House Recovery, Inc. (RHR)— was launched, and since then, it has been making tremendous strides in providing the necessary supportive services to various populations throughout New Jersey, including veterans, victims of sexual assault (women, men, youth and LGBTQ), returning citizens, at-risk youths; and is currently partnered with Isaiah House of East Orange, providing intensive outpatient treatment services for its CCEP program, which serves pregnant and/or post-partum young women, with substance abuse disorders. In August 2019, Real House Inc. will open a 96-bed housing facility in Trenton, NJ, where many of the services available in Essex County will be made available in Mercer County, NJ.