Strive Senior Living, LLC, announced that it has completed the corporate acquisition of Winter Park-based Sutton Homes, LLC. The Sutton Homes is a 25-year-old senior housing company operating seven senior housing facilities throughout Central Florida with a focus on memory care. The purchase is a further expansion of the Strive Senior Living portfolio and will be the foundation for Strive Senior Living’s stand-alone memory care brand, Sanctuary by Strive.
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. Strive Senior Living intends to fully renovate each location, ensuring a first-class environment to deliver high quality memory care services. The full roll out of Sanctuary by Strive is expected to be completed by the end of fourth quarter 2020. Many of these new locations are in close proximity to Strive’s flagship community, Strive at Fern Park, and will allow them to leverage the operating efficiency of a large building while delivering home-style care and services.
The acquisition of Sutton Homes is an important step in cementing Strive Senior Living as a recognizable, trusted assisted living owner and operator in the Central Florida area. “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,” said 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. We look forward to making these homes a sanctuary,” said Vick.
Facilitating the transaction, Frank Ricci of Healthcare Realty Services represented the seller, Sutton Homes, LLC, while Bobby Bridges of V 3 Commercial Advisors represented the purchaser, Strive Senior Living, LLC.
About Sanctuary by Strive and Strive Senior Living
Strive Senior Living, LLC, based in Apopka, Florida, is an owner and operator of assisted living and memory care facilities throughout Florida. The company focuses on providing a high level of care while maintaining a middle-market price point for its residents. Their flagship community, Strive at Fern Park, is a 130-bed, state-of-the-art community located in Fern Park, FL.
Sanctuary by Strive provides personalized care in stand-alone memory care facilities throughout Florida. It aims to provide residents with a comfortable home, a calm setting, and a caring hand that encourages and assists them in living life to the fullest.
To learn more information about Strive Senior Living and Sanctuary by Strive visit www.striveseniorliving.com and www.suttonhomes.com.