Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI) has partnered with Brightview Senior Living (Brightview) to acquire a portfolio of eight premium senior housing communities from Harrison Street.
The portfolio, which Brightview originally developed, is comprised of 1,186 units across the Baltimore, Philadelphia, Providence and Boston metropolitan areas. Brightview will continue to operate the communities.
“We are pleased to acquire this high-quality portfolio of senior housing communities that have demonstrated a track record of strong operational performance,” said Will Milam, head of U.S. investments at Morgan Stanley Real Estate Investing. “Aging demographics, notably the accelerating growth in the 70- to 85-year-old age group, coupled with Brightview’s 25 years of providing excellent care for their residents make this an attractive investment for our investor clients.”
“We are e
