Senior Housing News December 13, 2024
Stellar Senior Living is launching a $25 million equity and new joint venture investment structure to help spur future growth in new ways, according to Stellar Co-Founder Adam Benton.
The company is seeking to garner the $25 million from a variety of sources, including individual investors and friends and family offices. The equity raise is structured as a joint venture, investing alongside private stakeholders akin to a family office-structured investment pipeline, Benton said.
“We just want to be prepared to be able to invest alongside our partners as the opportunities come up, and not be stuck in a cash crunch,” Benton told Senior Housing News.
With its move, Stellar joins a handful of operators that have sought similar approaches to...
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