New Perspective Senior Living is gearing up for accelerated growth with a recent $200 million capital injection and plans for a $500 million development and acquisitions pipeline. Partnering with BMO Commercial Real Estate, Fengate, and Boldt, the company is set to expand its senior living portfolio across the Midwest.
Co-CEO Chris Hyatt highlighted the long journey and strategic partnerships that have laid the groundwork for this expansion, starting back in 2017. Despite the challenges of the pandemic, New Perspective continued to acquire communities and open new developments, setting the stage for future growth.
With the recent investment, New Perspective is ready to rev up its growth engine and pursue new opportunities. Co-CEO Ryan Novaczyk likened the investment to fueling a rocket for takeoff, while Hyatt compared it to upgrading from a V6 engine to a V12 supercar.
Operating 40 communities across eight states, New Perspective aims to double its senior living portfolio in the coming years. The capital infusion signals a significant step forward for the company, enabling further development and expansion with the support of key partners.
Looking ahead, New Perspective plans to focus on acquisitions and new developments, leveraging its relationships with partners like Boldt and REITs such as Welltower and LTC Properties. With a roadmap to recover from pandemic-related challenges and achieve 90% occupancy by year-end, the company is poised for a promising future of growth and success.
