Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing, announced the acquisition of a class A senior housing portfolio located in the Orlando and Tampa metropolitan areas. The portfolio includes two communities comprising 300 independent living, assisted living and memory care units serving residents in Central Florida. AgeWell Senior Living, a Florida-based senior housing operator, will continue to operate the communities.
Commenting on the acquisition, Will Milam, head of Morgan Stanley Real Estate Investing U.S., said: “This investment reflects our focus on high-quality senior housing supported by durable, highly visible demand driven by long-term demographic trends. Together with AgeWell, we believe these modern communities are well positioned to serve the evolving healthcare and lifestyle needs of seniors in Central Florida by offering residents a continuum of care alongside resort-style amenities.”
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