Taurus, Northbridge JV acquires 507-unit senior housing portfolio
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