Phorcys Capital Partners Expands in Florida with Hunt Trace Acquisition
Deal News | Apr 01, 2025 | Globenewswire
Phorcys Capital Partners, a prominent alternative asset manager, has expanded its investment in the senior living sector with the acquisition of Hunt Trace Senior Living in Clermont, Florida. The 114-unit assisted living community, originally built in 2002 and expanded in 2014, offers both assisted living and memory care services. The acquisition was completed via a court-appointed receivership sale for an undisclosed sum. Phorcys plans to invest $1.5 million to modernize the facility, continuing their strategy of acquiring and improving senior living assets. Partnering with Impact Senior Living, Phorcys aims to enhance the community's offerings. Hunt Trace is part of Phorcys's broader strategy to invest over $125 million in the senior housing market, leveraging significant growth opportunities in the sector to generate attractive returns.
Sectors
- Senior Housing
- Private Equity
- Real Estate
Geography
- United States – The acquisition of Hunt Trace Senior Living is based in Clermont, Florida, USA, solidifying the geographical relevance.
- Florida – The acquisition took place in Clermont, Florida, indicating the local geographic focus of Phorcys's investment strategy.
Industry
- Senior Housing – The acquisition of Hunt Trace Senior Living and Phorcys Capital's strategy to expand its portfolio in the senior housing sector reflects this classification.
- Private Equity – Phorcys Capital Partners, as an alternative asset manager, operates in the private equity industry by acquiring and managing assets like Hunt Trace Senior Living.
- Real Estate – The acquisition involves a real estate asset in the form of the Hunt Trace Senior Living facility, highlighting this industry's relevance.
Financials
- $1.5 million – The planned investment by Phorcys Capital Partners to modernize the Hunt Trace Senior Living facility.
- $125 million – The total investment by Phorcys Capital Partners in the senior housing sector, including Hunt Trace.
- $425 million – The total invested by Phorcys Capital Partners across all sectors since its inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Phorcys Capital Partners, LLC | Bidding Company | Company | An alternative asset manager focusing on senior housing, municipal bonds, and various real estate sectors. |
| Hunt Trace Senior Living | Target Company | Company | A 114-unit assisted living community in Clermont, Florida, providing both assisted living and memory care services. |
| Impact Senior Living | Partner | Company | A partner company working with Phorcys to improve operations and resident satisfaction at Hunt Trace. |