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President and CEO at Caron Treatment Centers Doug Tieman with the units. (Google Maps, LinkedIn via Doug Tieman)
The nonprofit operator of addiction treatment centers paid $12 million for a 46-unit apartment complex near the Delray Beach Golf Club.
Caron Treatment Centers, based in Wernersville, Pennsylvania, bought the “Fairway on the Greens” apartments at 2045 Lowson Boulevard, according to records. The price equates to about $261,000 a unit.
The nonprofit is led by Doug Tieman. It has treatment centers and facilities in Pennsylvania, Florida, Georgia and Washington, D.C.
Caron has operated a residential addiction treatment program at the apartments since at least 2007, according to the Sun-Sentinel. Last year, Palm Beach County approved bonds of no more than $52.8 million for Caron to buy and renovate Fairway on the Greens, as well as construct a medical detox facility at 4675 West Linton Boulevard, according to records.