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FORT WAYNE, Ind. — Senior living operator Priority Life Care and investment firm Almanac Realty Investors have entered into a new strategic partnership, with Almanac Realty committing to provide $275 million in capital.
According to a press release, the funds will support Priority Life Care’s “growth initiatives in seniors housing.”
Ted Flagg, Jay Wagner and Tim Hosmer of JLL advised Priority Life Care in the transaction.
Headquartered in Indiana, Priority Life Care operates a portfolio of more than 70 communities.