PGIM Real Estate has acquired the real estate and operations of Signature Senior Lifestyle, a best-in-class owner, developer and operator of senior housing in the United Kingdom, subject to finalization.
The acquisition was made on behalf of PGIM Real Estate’s European value-added strategy, in partnership with Elevation Advisors to source, structure and execute the transaction and asset manage the portfolio. The transaction is expected to close by the end of first half 2024.
The Signature portfolio consists of 13 senior living communities comprising 10 operating properties and three consented development projects in and around Greater London. Signature’s established management team will continue to operate the homes with a focus on continuity and brand growth.
As a priority, Signature will focus on ensuring all assets are future-proofed through the integration of the latest technologies and standards, with the portfolio currently achieving or targeting a BRE
