AEW launches third senior housing fund
AEW Capital Management has launched AEW Senior Housing Investors III, according to a filing with the SEC. A fundraising target was not disclosed.
AEW Senior Housing Investors II, the fund’s predecessor, held a final close of $371 million in 2014, surpassing its $250 million target. The fund mainly invested in age-restricted, independent living, assisted living and memory care communities.
The fund series launched in 2008 with AEW Senior Housing Investors I, which held a final close of $190 million in 2010, according to IREI’s FundTracker database.
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