Transactions - AUGUST 20, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Harrison Street pays $520m for senior housing portfolio

by Andrea Waitrovich

Harrison Street Real Estate Capital has acquired an 11-property portfolio of senior housing properties located on the East Coast for $520 million.

The transaction marks the beginning of a newly formed joint venture with The Shelter Group, which will continue to operate the properties through its Brightview Senior Living entity. Brightview, a Baltimore-based operator and developer of senior housing, developed nine of these communities and currently operates them under its Brightview brand.

The assets are located in and around Baltimore; Boston; Newport, R.I.; Philadelphia; and Staunton, Va. The 11 assets collectively comprise a total of 1,600 units, 50 percent of which are independent living, with the balance dedicated to assisted living and memory care residents.

Harrison Street acquired the portfolio on behalf of Harri

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy