Priority Life Care and its capital partner Almanac have acquired seven senior living communities across Pennsylvania. Some of the communities are new to PLC, while others have been previously worked with by the organization, indicating a history of successful collaboration, according to CEO Sevy Petras, who noted on LinkedIn that the partnership with Almanac offers significant collaborative potential for future growth strategies. The transactions were advised by Blueprint, which handled the sale of a 153-unit independent living community in Cincinnati, Ohio, through a targeted marketing process designed to preserve operational stability and engage qualified investors who were well-suited for the assets.
Additionally, Evans Senior Investments completed the sale of a four-property, 453-unit portfolio valued at $200 million, with each community built between 2015 and 2019 and offering independent living, assisted living, and memory care services tailored to diverse resident needs. The portfolio was purchased by a publicly traded healthcare real estate investment trust, which focuses on senior living properties, alongside a Minnesota-based operator with Twin Cities experience in managing similar communities.
The broader senior living sector continues to attract investment, with recent transactions highlighting growing interest in both operational assets and financing structures. Janus Living (NYSE: JAN) recently closed a $1.25 billion unsecured revolving credit facility, increasing existing commitments from $600 million. The facility matures in March 2030 and includes two six-month extension options, providing the real estate investment trust with expanded liquidity for future acquisitions and developments across the United States, reinforcing its capacity to support continued market expansion.
In parallel, Walker & Dunlop arranged $30 million in Low-Income Housing Tax Credit for KCG Companies’ Avanti Hills project in Mesquite, Texas. The 260-unit affordable senior housing community, targeting adults 55 and older, will feature 260 affordable apartments and is part of a $78.5 million development that aims to provide high-quality, accessible living options for seniors in the Mesquite area. Meanwhile, Adopt Living Communities has expanded its management reach by assuming operations of Brementowne Manor Senior Apartments, a faith-based nonprofit property that is dedicated to serving low-income seniors and individuals with disabilities through specialized care services.
Adopt Living Communities Expands Management of Brementowne Manor
Wayne Foley, president and CEO of Adopt Living Communities, stated that the expansion represents an exciting step forward for the organization. He emphasized that it reflects their commitment to growing thoughtfully and with purpose, while maintaining focus on their 130-year legacy of supporting strong communities, meaningful relationships, and putting residents at the center of everything they do.
