Transactions - OCTOBER 15, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Taurus, Northbridge JV acquires 507-unit senior housing portfolio

by Andrea Zander

A joint venture led by Taurus Investment Holdings and Northbridge Cos. has acquired six class A senior housing properties located in key suburban Boston submarkets for approximately $200 million.

“This transaction brings Northbridge Cos. back to our roots of partnering with high net worth families who have a long-term commitment to investing in institutional grade senior housing,” said James Coughlin, CEO of Northbridge. “Northbridge and Taurus intend to partner on future transactions and to continue to build a best in class portfolio in New England.”

The 507-unit portfolio consists of assisted living  and memory care and is operated by Northbridge, a developer, owner, operator and asset manager of senior living communities.

The acquisition marks Taurus’ first investment in the senior housing sector.

“We believe that the demand for high quality senior housing will remain strong in the coming years with the upcoming demographic shift as the 75

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.