Focus Healthcare Partners seeks to invest $900m into senior housing properties

Focus Healthcare Partners has closed its first discretionary investment fund, Focus Senior Housing Fund I.

The $312 million private equity fund will target senior housing properties providing private pay independent living, assisted living and memory care services to senior citizens across the continental United States. Utilizing moderate levels of institutional debt, the fund expects to invest approximately $900 million into senior housing assets over the next several years.

Focus was formed in 2009 by its founding principals, Paul Froning and Curt Schaller. Since its formation, Focus successfully acquired senior housing assets nationwide in partnership with several institutional investors.

While the formation of this investment fund represents its first comingled discretionary investment vehicle, the firm has previously created investment partnerships with highly respected institutional investors throughout the country. Through these earlier vehicles, Focus has invested more than $400 million to date into senior housing assets in the U.S. The expansion of its capital base in its latest fund was accomplished via the strong support of public pension plan investors, university endowment funds, public insurance companies, and other well respected institutional limited partners.