Superior Residences Portfolio Purchased

TALLAHASSEE, Fla. (Aug. 20, 2018) – SRI Management is proud to announce its selection as the management firm for five Superior Residences communities acquired by a Texas-based nonprofit organization in late June. Overseeing the transition and capital investment at the Florida communities (Lecanto, Cala Hills, Clermont, Brandon and Niceville), SRI will make exterior and interior capital improvements, and implement technology now available for senior housing.

“The injection of capital, coupled with the new owner’s mission to provide affordable senior care options, enables our leadership to create new opportunities for current and potential residents,” said Don Bishop, chief executive officer, SRI Management. “In addition, the long-term and generational ownership is very positive for our associates.”