Senior Housing News August 5, 2024
Priority Life Care is launching a new fund to accelerate its growth, with a new chief investment officer leading the effort.
The company is spinning up a new $10 million fund to attract and fuel co-investment in senior living acquisitions, according to CEO Sevy Petras. To manage the effort, the Fort Wayne, Indiana-based senior living operator has brought on former Lloyd Jones Chief Investment Officer Dennis Murphy as its first-ever CIO.
The new fund is meant to build upon the structure of the company’s foundation as new development remains challenging, according to Petras.
“We’re doing this in a healthy way, it’s well-timed out and we’re ready,” Petras told SHN Monday.
Priority Life Care, which operates 64 senior living communities nationwide,...
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