In November 2016, Arcapita acquired a privately held portfolio consisting of three senior living communities in the metropolitan areas surrounding Washington, D.C., and Atlanta. The properties are managed by an affiliate of The Arbor Company, an experienced senior living management company with over 30 years of experience in the Eastern and Southeastern regions of the United States. The portfolio is composed of three high-quality facilities of 310 total units, of which 112 are independent living, 140 are assisted living, and 58 are memory care units. The properties offer restaurant-style dining, a 24-hour emergency call system, exercise programs, outdoor activities, common area living rooms, and weekly housekeeping.
Sector: | Real Estate, Rental Housing |
Region: | North America |
Investment Date: | 2016 |