AEW Senior Housing Investors IV closes at $576.8m

AEW Senior Housing Investors IV (SHI IV), AEW Capital Management’s fourth partnership dedicated to the senior housing sector, has completed a final close with $576.8 million in equity commitments. The close included client and general partner co-investment capital.

SHI IV surpassed its $500 million target and was backed by a diverse group of public and private pension funds and insurance companies, many of which were existing investors in the fund series.

AEW SHI IV invests primarily in age-restricted, independent living, assisted living and memory care communities. The fund will target investments in stabilized, cash-flowing properties, as well as select repositioning, renovation, recapitalization and development opportunities.

“While occupancy in 2020 was certainly impacted by the COVID-19 pandemic, there is a strong demographic-based demand for high-quality senior living properties and we are already seeing the current demand rebound within our portfolios