Phorcys Capital Partners Strengthens Senior Housing Portfolio with Acquisition of Village Veranda at Lady Lake
In a strategic move within the senior housing sector, Phorcys Capital Partners has recently expanded its portfolio by acquiring Village Veranda at Lady Lake, a 125-unit assisted living and memory care facility in Florida. Village Veranda is advantageously situated adjacent to The Villages, which is recognized as one of the nation’s most rapidly expanding retirement communities. Phorcys seized this opportunity via a court-appointed receivership sale, where they emerged as the stalking horse bidder.
The acquisition is a testament to the intrinsic value and growth potential inherent in the senior living market. “Village Veranda at Lady Lake represents a compelling opportunity to acquire a high-quality senior living community in a premier Florida market,” said Vasileios Sfyris, Managing Partner at Phorcys. “We see tremendous potential to build on the strong foundation already in place and further enhance the resident experience.”
Opening its doors in 2019, Village Veranda offers both assisted living and memory care services, boasting an array of modern amenities such as landscaped courtyards, a theater, and a fitness center. Its strategic location on US-441 presents excellent visibility and accessibility and is poised to serve Orlando’s burgeoning senior demographic.
With a vision for growth, Phorcys partners with SRI Management, a renowned operator in the senior living space, to drive occupancy and operational excellence. This collaboration harmonizes with the shared vision of both companies to offer top-tier resident care. “Phorcys Capital Partners brings an ownership mindset and long-term vision that align perfectly with our mission to deliver exceptional resident care,” shared Todd Filippone, President of SRI Management. “Together, we look forward to positioning Village Veranda as the community of choice in the Lady Lake market.”
Phorcys’s acquisition marks their fifth venture into senior housing and reiterates their dedication to carve out a significant presence in this essential market segment. “Senior housing remains one of the most compelling investment opportunities today,” Sfyris added, explaining the sound rationale behind this move. “We believe demographic tailwinds and limited new supply create an environment where well-located, well-managed communities like Village Veranda can deliver exceptional outcomes for residents and attractive returns for investors.”
The transaction illustrates a continual trend where market leaders like Phorcys diversify their holdings by targeting properties that offer both community and investor value—a sign of the multifamily apartment industry’s maturation and resilience.