Our Proveer Senior Living family of companies is excited to announce that we are partnering with East Gate Alliance.
How will we continue working together to enhance and expand our senior living communities?
The agreement positions the newly formed Joint Venture of Proveer and East Gate for immediate funding of multiple acquisition opportunities. The two groups have been working collaboratively since earlier this year. The General Partnership agreement also provides multiple lines of credit for pre-closing deal costs, due diligence expenses and corporate overhead and working capital for the next three years.
How do the companies’ leaders describe their experience as partners?
Aaron Feiler, CEO and managing principal of East Gate said, “We interviewed several owner operators in the senior housing space before ultimately choosing to partner with Proveer. After our first call with Proveer, we did not need to speak with anyone else. We are extremely excited about Proveer’s four existing deals and the robust pipeline we are now working on together.”
Matthew Thornton, Founder and CEO of Proveer added, “Aaron and Dan Metz and the entire East Gate team are a dream come true for Proveer and for our collective vision. Our two firms are like-minded and mission-driven. This relationship will enhance our ability to provide the highest levels of comfort and care for our seniors and their families.”
Want to learn more about the companies involved in our new partnership?
Proveer is a vertically-integrated senior housing management and development company based in McKinney, Texas. Proveer also owns and operates its own communities and offers third party management, development and consulting services.
East Gate Alliance is a real estate investment family office that invests in multiple sectors across the commercial real estate landscape.
Heavenrich & Company, a boutique senior housing investment brokerage firm based in Chicago, facilitated the partnership on behalf of Proveer.
Why are our partnerships beneficial?
If they are not already, Proveer’s independent living, assisted living, and memory care services may become available in a city near you!