Colorado-based Balfour Senior Living is paring down some of the ownership of its senior living portfolio in an effort to return investments to its partners. In a deal valued at $104 million, Boston-based AEW Capital Management L.P. has purchased a portfolio of three senior living communities from Louisville, Colo.-based Balfour. The agreement marks yet another […]
AEW Capital Management L.P.
Holliday Fenoglio Fowler, L.P. (HFF) recently closed the $63.25 million sale of two senior living properties in Massachusetts to Benchmark Senior Living with joint venture partner Health Care REIT (NYSE:HCN). The 176-unit senior living portfolio was marketed by HFF on behalf of AEW Capital Management. The properties have been renamed to Benchmark Senior Living at Robbins […]
Holiday Retirement Assumes Management of N.Y. Senior Community Holiday Retirement announced in late July it has assumed management for The Manor at Woodside, an independent living community in Poughkeepsie, N.Y., following a recent acquisition from Woodside Associates. The Manor at Woodside is a 111-unit retirement community featuring a live-in management team available 24 hours a […]
Prudential Real Estate Investors Buys Senior Housing Community Prudential Real Estate Investors recently purchased a senior housing community in Alpharetta, Ga. in a transaction brokered by ARA Seniors Housing Group. Arbor Terrace at Crabapple is a 93-unit “Class A” assisted living and memory care community sold by AEW Capital Management on behalf of one of […]
The senior housing industry’s cyclical nature means it’s a matter of when, not if, the sector eventually gets overbuilt, and the biggest danger is in the lease-up phase—especially if there are several new developments in the same market. “In certain submarkets and certain product types, it will be overbuilt,” said Jeff Kraus, managing director of […]
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