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

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, reports Senior Housing News.

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 said. “But, it was a big jump.” Read more.

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