Fundamental Advisors, an alternative asset manager focused on municipal, public purpose and community assets, formed a strategic partnership with Scribner Capital, a firm dedicated to providing capital solutions to the seniors housing and healthcare industry. The partnership will deploy stable capital to the seniors housing and healthcare sectors in light of the unprecedented volatility and uncertainty in today’s market.
“As an active investor in critical community assets and with our proven track-record in seniors housing and healthcare, expanding our relationship with an experienced partner in this space is a key initiative for our firm as these sectors experience headwinds,” Laurence Gottlieb, chairman and CEO of Fundamental Advisors, said. “With the current dislocation in the capital markets and anticipated occupancy problems across the industry, financial solutions and creativity are needed now more than ever to deliver stability to assets facing challenges.”
Combining Fundamental Advisors’ capital and investment experience with Scribner Capital’s experience sourcing and structuring opportunities, the partnership advances a long-standing relationship between Fundamental Advisors and James Scribner, the principal of Scribner Capital. The partnership will focus on joint venture equity deals with experienced owners, operators and developers, as well as preferred equity and mezzanine debt. The partnership also expects to target non-performing debt and opportunities in the debt capital markets.
“The seniors housing and healthcare industry will face significant issues, which will result in owners, operators and developers needing flexible and patient capital solutions in the post-pandemic environment,” Scribner said. “This strategic partnership will help provide the critical resources needed to deliver housing and care to communities across the U.S.”
