Arcapita has acquired a privately-held portfolio of senior living communities in Colorado, in a joint venture with MorningStar Senior Living. The transaction value totaled approximately $85 million.
Arcapita plans to develop another sizable senior living portfolio in the USA and this transaction is expected to be the first in a series of acquisitions of senior living facilities. Arcapita's management team has previously acquired, managed, and exited from a series of senior living investments with total transaction values in excess of $1.5 billion in the USA and UK.
The communities, built in 2013 and 2014, include large courtyards, fireside living rooms, fitness and spa facilities, massage therapy rooms, and other features.
