Senior Housing News June 20, 2024
Focus Healthcare Partners (FHP) has closed a $370 million fund that will be used to target investments in the private-pay senior housing sector.
The fund, Focus Senior Housing Fund II LP, is noted to be 20% larger than the real estate investment and asset firm’s last senior housing fund, according to a press release issued Thursday.
FHP will evaluate investments across active adult, independent living, assisted living and memory care, with potential transactions “across the risk spectrum” of core-plus, value-add, and distressed opportunities, the release states.
While FHP primarily focuses on acquisitions, the firm will use the fund to assess development, distressed debt and preferred equity opportunities.
“We are thrilled with the continued commitment from our long-term investors, and we...
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