Davidson Kempner Capital Management and ReNew have formed a strategic partnership, beginning with an investment in a U.S. senior housing operating portfolio comprising approximately 4,500 units across 45 communities in 15 states.
The portfolio includes independent living, assisted living and memory care properties operated by five regional operators.
The partnership will draw on ReNew’s senior housing investment and asset management platform to oversee operations and pursue additional investment opportunities in the sector.
“We believe high-quality U.S. seniors housing presents a compelling investment opportunity,” said Josh Morris, partner, global real estate at Davidson Kempner. “Our real estate investment strategy is guided by four long-term themes: deglobalization, demographics, digital infrastructure and dislocation-driven capital solutions. This investment aligns with our focus on demographics, with demand continuing to grow as the population ages
