US: Denver-based Endeavor Senior Living, which launched earlier this year, has announced plans to invest $500 million into senior living properties.
The company began operations at the beginning of the year but became more “public-facing” on August 1, according to co-founder and COO Evans Adrian.
“Our focus isn’t to acquire as many assets as possible. I think that we’re going to invest very strategically and very slowly as we give attention to each and every property. That means that we’re pretty hands-on,” he said.
Endeavor Senior Living is both an investment company placing investments strategically for its financial partners and an operator of those investments. The company is primarily focused on challenged and underperforming assets.
“We’re very different from the typical investment firm. We’re also very different from the typical operator,” said Adrian. “We have both skin in the game on the real estate side and on the operations side, which is a unique structure, I think.”
Endeavor Senior Living is looking to acquire properties that are no older than 20 years and have at least 80 units. The company is interested in acquiring independent living, assisted living and memory care properties.
