This new relationship with Hancock Bank allows us to accelerate our growth so we can better serve our senior population.
Tampa, FL (PRWEB) January 07, 2016
Validus Senior Living, based in Tampa, Florida, has purchased the memory care community, “Inspired Living at Tampa”. In addition, Validus is in the process of purchasing “Inspired Living at Bonita Springs”. That purchase should be completed by the first quarter of 2016.
The continued growth of Validus Senior Living is made possible through an additional source of capital valued up to $50 million with Hancock Bank. The five year agreement is renewable and will be used to acquire or refinance senior living communities as part of the Validus Senior Living portfolio.
“It’s our goal at Validus Senior Living to create vibrant communities with highly personalized care,” said Validus Senior Living CEO Steve Benjamin. “This new relationship with Hancock Bank allows us to accelerate our growth so we can better serve our senior population.”
In addition to acquiring the Tampa and Bonita Springs facilities, Validus has also refinanced “Inspired Living at Sun City Center”. All three are new developments specializing in memory care and are located in growth markets in Hillsborough and Lee counties.
Combined, the communities add an additional 190 memory care units to the Validus portfolio and will provide employment for more than 150 associates, both salaried and hourly, once the buildings are full.
About Validus Senior Living:
Validus Senior Living, a rapidly growing senior lifestyle company based in Tampa, Florida, owns and operates a continuum of leading-edge senior living communities, including independent living, assisted living and memory care. Validus Senior Living’s focus is creating vibrant and livable communities with highly personalized care based on individual needs and preferences. Validus Senior Living is an affiliate of Validus Group, a private investment management firm based in Tampa. For information, call 813-330-2660 or visit http://www.ValidusSeniorLiving.com.
About Validus Group:
Validus Group is an investment firm based in Tampa, Florida that develops, owns and manages real estate and real estate related businesses. Other affiliates of Validus Group include Carter/Validus REIT Investment Management Company, LLC, Carter Validus REIT Management Company II, LLC, and Validus Senior Living. Validus Group also serves as the lead investor in Gulfshore Bank, a Tampa Bay area community bank focused on serving small to medium sized companies. Since inception in 2004, Validus Group and its affiliates have formed, acquired or managed companies with assets that have grown to more than $3 billion. The company, through its subsidiary company, Validus Group Properties, currently owns a portfolio of more than 620,000 square-feet of flex, office, and retail space across the Southeast. They are actively seeking future investment opportunities in the $5-$15 million range.