Heitman forms London senior living JV

Heitman has entered into a joint venture agreement with Signature Senior Lifestyle to develop, own and operate senior living communities across Greater London on behalf of an affiliate of the firm.

The joint venture will acquire and develop three to four sites that will house premium, private-pay senior living schemes comprising independent, assisted living and dementia-care apartment units.

This is the second joint venture between Heitman and Signature. The first venture was formed in 2011 and developed, owned and operated four premium senior care properties across the southeastern United Kingdom. Heitman has since sold its interests in the first senior living joint venture, generating gross returns of approximately 20 percent.

“We are focused on tactical asset allocation and investment strategies that will benefit from drivers that are less sensitive to both economic and market volatility, together with those that are supported by long-term structural fundam