IRVINE, Calif. — Artemis Real Estate Partners has agreed to a $45 million financial commitment to Silverado, an Irvine-based owner-operator specializing in memory care.
The investment will help fund Silverado’s five-year expansion plans and support its hospice, palliative care and home health offerings. Artemis joins RLH Equity Partners and Welltower as investors in Silverado.
Artemis has raised approximately $4 billion of investor capital across a core-plus healthcare real estate fund, three commingled value-add/opportunistic fund vehicles, and a series of emerging manager separate accounts. In connection with the investment, Kelly Sheehy, principal and managing director of Artemis, will join Silverado’s Board of Directors.
Coker Capital Advisors served as exclusive financial advisor to Silverado in connection with this transaction.