Clearwater Living (Newport Beach, Calif.) and joint venture partner PGIM (Newark, N.J.) acquired four LivGenerations communities in Phoenix, Scottsdale, Ariz., and Gilbert, Ariz., from multifamily developer Liv Communities (Tempe, Ariz.), according to the commercial real estate website costar.com.

The $255 million deal includes 554 independent living, assisted living, and memory care units.

Clearwater also owns and operates five senior living communities in California and Nevada.