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PHOENIX SENIOR LIVING ENTERS INTO JOINT VENTURE WITH WHITE OAK HEALTHCARE REIT

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Press Release

 

PHOENIX SENIOR LIVING ENTERS INTO JOINT VENTURE WITH

WHITE OAK HEALTHCARE REIT FOR TWO SENIOR LIVING

COMMUNITIES IN NORTH METRO ATLANTA

 

 

FOR IMMEDIATE RELEASE         

September 26, 2019

 

Phoenix Senior Living, a privately-held senior living operator with communities throughout the Southeast, announces a second joint venture with White Oak Healthcare REIT (White Oak REIT), operated by White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC.  Capital One acted as the lending partner.  This joint venture will add two senior living communities into Phoenix’s growing portfolio effective November 1, 2019. 

The communities plan for a total of 115 assisted living and memory care units located in North Metro Atlanta that will continue to provide unparalleled amenities with innovative and personalized care to seniors and their families. The Communities, located in Canton and Jasper, Georgia, will include Windsor House, which will now operate as “The Retreat at Canton” and Windsor Lodge which will henceforth operate as “The Retreat at Jasper.” 

Jesse Marinko, a Georgia native and the Founder and CEO of Phoenix Senior Living comments, “We are thrilled about the acquisition of these two communities and our continued partnership with organizations like White Oak REIT.”  He adds, “We share our commitment to offering senior living options focused primarily on the wellbeing of the residents, their families, and our teams.  It’s an honor to blend the high standards in place at these communities with our operational expertise and commitment to a purposeful life for every senior we serve.”

Headquartered in Roswell, Georgia, Phoenix Senior Living’s leadership is a dedicated and passionate Executive Team with an aggregate of 90+ years of seniors housing experience.  Focusing on high-quality care with exceptional amenities, the company currently operates over 25 communities in their Southeast footprint. Phoenix provides residents and families with a meaningful and joyful experience from their very first interaction at each community.  Influenced by their Southern roots and industry experience, the company takes pride in fostering a secure, positive, and unified environment with the support of dedicated and skillful employees. 

About White Oak Healthcare REIT

White Oak Healthcare REIT, LLC is a privately held REIT operated by White Oak Healthcare Finance, LLC, an affiliate of White Oak Global Advisors, LLC. White Oak REIT is exclusively focused on building a portfolio of seniors housing and skilled nursing properties in the US either leased to third party operators or acquired in a RIDEA compliant joint venture structure.  White Oak REIT intends to build a portfolio with assets totaling ~$2B over the next three to four years.  The management team consists of Jeff Erhardt, Paul Nevala and Michael Treiber who collectively have over 35 years of healthcare real estate investment experience.

About White Oak Global Advisors, LLC

White Oak Global Advisors, LLC is a leading global alternative asset manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Since its inception in 2007, White Oak Global Advisors’ disciplined investment process focuses on delivering risk-adjusted investment returns and establishing long term partnerships with our borrowers. More information can be found at www.whiteoaksf.com.

For information please contact Phoenix Senior Living at 678.214.2900.