Senior Housing News September 8, 2024
Investment firm Harrison Street has acquired five senior living communities from Brightview Senior Living.
The acquisition, announced Sept. 9, comprises 743 units spread out across Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia. Harrison Street is acquiring the communities as part of a joint-venture agreement with Baltimore-based Brightview Senior Living.
“We are very excited to be partnering with Harrison Street on this recap portfolio as they share our commitment to an associate first culture and a first-class resident experience,” Doug Dollenberg Jr., president and CEO of Brightview Senior Living, told Senior Housing News.
Brightview currently manages the communities and will continue to do so after the sale. The deal increases the two companies’ shared portfolio to 26 communities totaling over 3,600...
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