McFarlin Group’s senior living fund looks to bring in institutional capital

McFarlin Group, a firm focused on senior housing in the United States, has begun marketing its $100 million McFarlin Opportunistic Senior Living Fund I.

The objective of the fund is to acquire, improve and manage senior living assets in the United States. The fund intends to invest in value-add, nonperforming, underperforming and defaulted debt where the investment manager can identify an upside.

McFarlin Opportunistic Senior Living Fund I opened to investors on July 1 and has collected $10 million to date, confirmed Matt Johnson, principal and co-founder of McFarlin Group, in an email. The fund is now seeking to raise capital from family offices, as well as institutional investors.

“Our sole focus is to acquire ownership interests in distressed seniors housing properties at deep discounts to cost and leverage our experience to create and enhance value, aggregate and sell, creating yields of 20 percent–plus for investors,” noted Johnson.

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