SenQuest, the senior housing division of Titan Real Estate Investment Group, is planning to invest $100 million in acquisitions in the sector this year and is already underway in meeting this benchmark, its executives say.
Most recently, SenQuest completed a transaction to acquire Waldenbrooke Estates, a 180-unit luxury independent living community in Bryan, Texas, from WSL Waldenbrooke Investors V L.P. The purchase price was not disclosed.
Anticipating a demand fueled by an aging baby boomer population, SenQuest hopes to spread its acquisition activity to various markets nationwide, according to a report from Commercial Property Executive.
Specifically, the company looks to target the midwest, south and southwest for future acquisition activity, according to a SenQuest managing partner cited in the Commercial Property Executive article.
As for property type, SenQuest says it will continue to target “high-quality properties that appeal to seniors who, in their golden years, wish to maintain the lifestyle to which they have grown accustomed.”
Read the Commercial Property Executive article.
Written by Jason Oliva
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