Phorcys Capital Partners Enhances Florida's Senior Living Market
Phorcys Capital Partners' Strategic Acquisition
Phorcys Capital Partners, LLC, a well-regarded asset management firm located in Alpharetta, Georgia, has made a significant move by acquiring Village Veranda at Lady Lake. This 125-unit assisted living and memory care community is ideally positioned next to a popular retirement hub. The acquisition process involved a court-appointed receivership sale, establishing Phorcys as the selected stalking horse bidder, showcasing their ongoing commitment to the senior living sector.
The Future of Village Veranda
Enhancing Resident Experience
According to Vasileios Sfyris, Managing Partner at Phorcys, the investment represents a unique opportunity to improve a premier community in Florida. He expressed enthusiasm for the potential to enhance the already strong foundation at Village Veranda, aiming to significantly elevate the resident experience through improved services and amenities.
A Comprehensive Care Model
Since opening its doors in 2019, Village Veranda has provided a full range of services, combining assisted living and memory care designed to cater to the diverse needs of its residents. The facility boasts modern amenities, including landscaped courtyards, a theater, a café lounge, and a fitness center, all contributing to a vibrant community atmosphere. Its prime location along US-441 allows for easy access and visibility, essential for serving the rapidly expanding senior population in the area.
Collaboration with Industry Leaders
To optimize operational performance and boost occupancy rates, Phorcys has joined forces with SRI Management, known for its excellence in senior living operations. On this partnership, Todd Filippone, President of SRI Management, remarked on the shared values between Phorcys Capital Partners and their vision to deliver exceptional care.
Phorcys' Commitment to Senior Housing Growth
This acquisition signals Phorcys's fifth investment in the senior housing sector and highlights their focused strategy of expanding within this promising field. The organization firmly believes that today’s senior housing market offers compelling investment opportunities driven by demographic trends and a scarcity of new supply. As stated by Sfyris, well-positioned and well-managed communities like Village Veranda are poised to yield exceptional outcomes for residents while delivering favorable returns to investors.
About Phorcys Capital Partners
Phorcys Capital Partners specializes in alternative asset management, emphasizing investments in distressed assets and municipal bonds across various sectors, including senior living, multifamily housing, and hospitality. Their dedicated approach to fostering quality communities makes them a key player in the evolving senior living market.
Contact Information
For further information about Phorcys Capital Partners and their projects, please reach out to:
Phorcys Capital Partners
Matt Doss
770-777-9373
mdoss@phorcyscp.com
Frequently Asked Questions
What is the significance of Phorcys' acquisition?
Phorcys' acquisition of Village Veranda enhances its presence in the senior living market, aiming to improve resident satisfaction and operational efficiency.
What amenities does Village Veranda offer?
Village Veranda includes various amenities such as landscaped courtyards, a theater, café lounge, physical therapy services, and a fitness center, promoting a vibrant lifestyle for its residents.
Who is managing Village Veranda?
SRI Management is collaborating with Phorcys to manage the community, leveraging their expertise in senior living operations.
How does Phorcys view the current senior housing market?
Phorcys recognizes the senior housing market as a compelling investment opportunity, driven by demographic trends and limited new supply, creating favorable conditions for growth.
What types of investments does Phorcys make?
Phorcys Capital Partners focuses on diverse investments including distressed assets, municipal bonds, and various sectors such as senior living and hospitality.
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