ORLANDO and WINTER PARK, Fla. — Strive Senior Living, based in Orlando, has acquired Sutton Homes, based in Winter Park. Sutton Homes is a 25-year-old operator of seven seniors housing communities in Central Florida.
Sutton Homes is focused on memory care, and Strive will launch a new standalone memory care brand named Sanctuary by Strive to lead the new portfolio.
Strive purchased all assets of the company and will continue to operate the communities under Sutton Homes until the full rebrand to Sanctuary by Strive is completed by the end of the year. Strive also plans to fully renovate each location.
Many of these new locations are in close proximity to Strive’s flagship community, Strive at Fern Park, which the buyer hopes will help it leverage operational efficiency.
“This acquisition expands our care delivery to include large and home-style communities. This allows us to better meet the varied needs of our seniors community,” says Trey Vick, chief executive officer of Strive Senior Living. “The acquisition also adds to our capacity and geographic presence to care for the residents and families impacted by Alzheimer’s and dementia.”
Frank Ricci of Healthcare Realty Services represented the seller, while Bobby Bridges of V 3 Commercial Advisors represented the buyer.
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