A joint venture between Almanac Realty Investors and Priority Life Care has acquired the Pennsylvania Portfolio, a collection of seven assisted living and memory care communities totaling 479 units across Pennsylvania.
The Pennsylvania Portfolio is 100 percent private-pay and market-rate and includes properties across diverse Pennsylvania markets. The communities feature an average vintage of 1999 and have received substantial reinvestment, with ownership completing more than $8.8 million in capital improvements since 2020, enhancing quality, functionality and resident experience while minimizing near-term capital needs. Amenities at the properties include restaurant-style dining, fitness centers, a theater, beauty salon, library and reading room, outdoor terraces or patios, community transportation, and a calendar of social, religious, recreational and educational programming.
JLL’s national senior housing team represented the longtime owner, ValStone Partners, in t
