Validus Receives $117.5M Credit Facility to Buy Three Communities in the Southeast

Inspired Living at Kenner Inspired Living at Kenner

OCOEE, Fla., KENNER, La., and ALPHARETTA, Ga. — Validus Senior Living, a Tampa-based long-term care company, has closed a $117.5 million syndicated revolving line of credit with SunTrust Robinson Humphrey.

The funds are supporting the acquisitions of two new Inspired Living communities — Inspired Living at Ocoee in Florida and Inspired Living at Kenner in Louisiana — that offer both assisted living and memory care. A third acquisition, Inspired Living at Alpharetta, is expected to close in the near future.

SunTrust Robinson Humphrey served as the lead arranger and bookrunner for this deal, while SunTrust Bank acted as the lead participant and administrative agent.

The two initial acquisitions will add more than 250 units to Validus’ existing portfolio in Florida and Louisiana, with further growth expected in Atlanta, Houston and Lewisville, Texas.

The Validus portfolio currently totals 11 communities with four additional under development. 

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