Harrison Street Acquires Senior Living Portfolio for $380 Million

Chicago real estate fund-management firm Harrison Street has announced it has closed a deal to acquire a Long Island, N.Y.-based senior housing portfolio for approximately $380 million. The portfolio, which includes seven properties focused primarily in assisted living with roughly 20% memory care units, was acquired by the Harrison Street Core Property Fund, the firm’s core […]

LCS Acquires Equity Stake in Senior Living Portfolio JV with Harrison Street

LCS recently entered a joint venture partnership with Chicago-based investment firm Harrison Street Real Estate Capital to acquire an equity position in nine senior living communities in the greater Minneapolis region of Minnesota. The market-rate rental communities have a total 1,166 residential units. Two of the properties are independent living communities, and the remaining seven […]

The Springs Living Buys Four Senior Housing Properties for $65 Million

McMinnville, Ore.-based senior living operator The Springs Living recently acquired a four-property portfolio in the Portland area from Grayco LLC for $65 million. The Springs Living partnered with Harrison Street Real Estate Capital LLC, a Chicago-based private equity firm, to purchase the properties and used $56 million in financing arranged by Holliday Fenoglio Fowler LP, also […]

Harrison Street and Engel Burman to Buy Back Assisted Living Chain, Build More

Chicago-based private equity firm Harrison Street Real Estate Capital, LLC and development company The Engel Burman Group have agreed to purchase five senior living communities for $290 million from a Canadian-Australian joint venture partnership. Canadian REIT Chartwell Seniors Housing (TSX:CHS.UN) and ING Real Estate Australia Pty are selling the five-property Bristal-branded portfolio, all located in New […]

Harrison Street Acquires Senior Housing Portfolio for $125 Million

Harrison Street Real Estate Capital announced the acquisition of an eight property senior housing portfolio on behalf of Harrison Street Real Estate Partners III, LP (“Fund III”) for $125 million. Referred to as the E-Quest Portfolio, it includes seven assets in and around Houston, TX, and one in Oklahoma City, OK. In the aggregate, the properties […]