Phorcys Capital Partners Acquires The Pearl Assisted Living Facility In Lewisville For $26M

The Pearl, a 149-unit assisted living facility located at 1080 West Round Grove Road in Lewisville, TX, has been sold for $26 million. The buyer, Phorcys Capital Partners, LLC, led by Vasileios Sfyris, has acquired the property through bankruptcy proceedings. This transaction represents Phorcys Capital Partners' strategy of investing in value-add senior housing assets in growing markets across the United States.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $26,000,000
• Address: 1080 West Round Grove Road
• Market: Lewisville
• Buyer: Phorcys Capital Partners, LLC - Vasileios Sfyris
• Units: 149
• Price per unit: $174,497

The Pearl will be operated by SilverPoint Senior Living, ensuring high-quality care and services for its residents. This acquisition aligns with Phorcys Capital Partners' mission to enhance the senior living experience in thriving communities across the country.