Care Investment Trust LLC Enters into Joint Venture with Phoenix Senior Living for Memory Care Community in Fayetteville, Georgia

NEW YORK–(BUSINESS WIRE)–Care Investment Trust LLC (“Care”), a real estate investment company
focused exclusively on the seniors housing sector, has partnered with
affiliates of Phoenix Senior Living (“Phoenix”) for the acquisition of
Hope Center Memory Care (“Hope Center”), located in Fayetteville,
Georgia. Hope Center, which was built in 2013 and has 64 units, was
specifically designed for residents needing specialized memory care.
Phoenix intends to grow census and to enhance the living experience of
current and future residents through improved programming. Hope Center
will provide purposeful and active days for its residents, where each of
the six dimensions of wellness (Emotional, Physical, Cognitive, Social,
Occupational and Spiritual) are integrated into individual care plans.
All care and services will be led and delivered by a team of Certified
Dementia Practitioners.

Salvatore (Torey) Riso, President and CEO of Care, remarked, “Care
Investment Trust is thrilled about its new partnership with Phoenix
Senior Living and the acquisition of Hope Center. We recognize that the
success of our business is directly tied to partnering with
best-in-class regional operators of seniors housing facilities whose
primary mission is the wellbeing of its residents and staff. Jesse
Marinko and his team at Phoenix are experienced and compassionate
operators who will bring exceptional care to the Hope Center community.”

Jesse Marinko, CEO of Phoenix, stated, “We are people serving people and
we know when it comes to a loved one, everything matters. The community,
the environment, the care, the programs, and our teams represent that
core belief at every Phoenix Senior Living community. We are excited to
serve seniors, their families, and the local community in Fayette County
and look forward to a strong partnership with the city of Fayetteville.”
He went on to add, “We are pleased to partner with Care Investment Trust
as their philosophical foundation and commitment to strong partnerships
aligns so well with ours.”

About Care Investment Trust

Care Investment Trust LLC, or “Care,” is a real estate investment
company focused exclusively on the seniors housing sector. Care owns
senior apartments, independent living facilities, assisted living
facilities, and memory care facilities throughout the United States.
Care invests in properties and portfolios ranging from $5 million to
over $200 million, and structures investments on a case-by-case basis to
meet the needs of our operating partners and our investors. Care
understands that the key to success in the seniors housing industry is
to partner with the right operators and is therefore extremely
selective, investing only in operating partners who have impeccable
reputations and a proven track record of building high-performing
seniors housing businesses—and who share Care’s core values of
integrity, compassion, and respect for the dignity of our nation’s
seniors. Care is a wholly-owned subsidiary of Tiptree Inc. (NASDAQ:TIPT).
www.careitrust.com

About Phoenix Senior Living

Phoenix Senior Living is a privately held seniors housing owner/operator
with properties located within suburban communities throughout the
southeast region of the United States. Headquartered in Kennesaw, GA,
Phoenix develops and acquires independent living, assisted living, and
memory care properties. Phoenix currently operates 7 properties,
including 4 in Georgia. With an Executive Team bringing a combined 90+
years of seniors housing experience, Phoenix focuses on high quality
care with exceptional amenities. Phoenix strives to provide residents
and families with a meaningful and joyful experience from their very
first interaction with Phoenix; to fully understand and support the
uniqueness of every resident’s physical, social, and emotional needs;
and to foster a secure, positive and unified environment with dedicated,
tenured employees.
www.phoenixsrliving.com

Contacts

Care Investment Trust LLC
Salvatore (Torey) Riso, 212-446-1414
Chief
Executive Officer
triso@careitrust.com