In January 2016, Arcapita acquired a privately held portfolio of senior living communities in Colorado, United States, in a joint venture with MorningStar Senior Living, an experienced operating partner specializing in this sector. The portfolio consists of three assisted living and memory care communities offering 196 units and 243 licensed beds in Denver and Colorado Springs, Colorado. The modern communities were built in 2013 and 2014 and offer premium state-of-the-art facilities, including large courtyards, fireside living rooms, fitness and spa facilities, massage therapy rooms, and other advanced features.
Sector: | Real Estate, Rental Housing |
Region: | North America |
Investment Date: | 2016 |