NorthStar Healthcare Income Buys Senior Care Portfolio From Arcapita

<p>Global investment management firm <a href="http://www.arcapita.com/" target="_blank" rel="noopener">Arcapita</a> (Manama, Bahrain) has sold its U.S. real estate portfolio of more than 16 senior care communities to <a href="http://www.northstarreit.com/healthcare/index.php" target="_blank" rel="noopener">NorthStar Healthcare Income, Inc.</a> (Greenwood Village, Colo.), a real estate investment trust (REIT).</p><p>The transaction is valued at approximately $640 million.</p>

Published: June 10, 2015Posted by Anne DiNardo, Senior Editor

Global investment management firm Arcapita (Manama, Bahrain) has sold its U.S. real estate portfolio of more than 16 senior care communities to NorthStar Healthcare Income, Inc. (Greenwood Village, Colo.), a real estate investment trust (REIT).

The transaction is valued at approximately $640 million.

The majority of the facilities are full-service communities that offer a mix of independent living, assisted living, Alzheimer's care, and skilled nursing care. The properties are managed by Watermark Retirement Communities, Inc.