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How Senior Living REITs, Operators Are Taking On Sizable Portfolio Transitions

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Bobby Petras remembers being at a doctor’s appointment when he heard the news of a game-changing opportunity to add 15 properties to the Priority Life Care portfolio.

The call came from Priority’s CEO and Bobby’s sister, Severine Petras. Real estate investment trust Ventas (NSYE: VTR) had tapped them to operate the 15 properties in Pennsylvania if they were interested.

“When [Ventas EVP of senior housing] Justin Hutchens came back with the opportunity to deepen our relationship with Ventas, we were really excited,” Severine told Senior Housing News. “But, it was a big jump.”

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The post How Senior Living REITs, Operators Are Taking On Sizable Portfolio Transitions appeared first on Senior Housing News.

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