Madison Marquette with JV partner acquires senior living portfolio

Madison Marquette in a joint venture with GFH Financial Group B.S.C., a Bahrain-based asset management, wealth management and commercial real estate development group, has acquired a portfolio consisting of six private-pay senior living communities in California, Washington and Michigan.

The communities comprise 509 units/589 beds with a unit mix of independent living, assisted living and memory care. They are operated by Senior Resource Group, JEA Senior Living and Senior Village Management.

The two parties have formed a joint venture entity which will own the assets, with GFH as the investment manager and Madison Marquette as the day-to-day manager of the portfolio.

“Through our recent platform activities in the space, we have studied the senior living sec