Dallas-based MedCore Partners recently added two members to its Senior Living team. Anthony Fulco joined MedCore as the seniors housing director of Acquisitions. Fulco brings more than a decade of seniors housing and healthcare investment experience and will be responsible for the sourcing, underwriting, and closing of acquisitions at MedCore.
Jack Burt joined MedCore as senior vice president of Operations. Over a ten-year span, Burt worked with various senior living management companies on strategy, operations execution, and business development. He is responsible for further developing MedCore’s asset management platform with a focus on operational best practices, performance measurement tools, growth strategy, and direct oversight of assigned operators.
MedCore opened its first development, a 90-bed assisted living and memory care community, in June 2018 in Cypress, Texas. This year the group closed on a $132 million acquisition of a five-asset assisted living and memory care portfolio in Arizona and Utah which added 531 units to their portfolio.
The group has four developments in design or under construction, two of which are located in Houston, Texas, one in Georgetown, Texas, and one in Norman, Okla. Total project cost for these developments exceeds $215 million. Once completed, MedCore will have 1,357 senior living units under management across 10 assets with an estimated value in excess of $400 million.
