Senior Housing News August 29, 2024
Private equity firm Kayne Anderson has reportedly closed the first round of a new fund worth $1.53 billion for a seventh flagship opportunistic fund partly targeting senior living communities.
The target for the fund, reportedly called Kayne Anderson Real Estate Partners VII, is $3 billion. As it has done before, the firm is planning to target property types including senior housing, student housing and medical office properties. According to PERE News, which first reported on the fund, the firm plans to close the fund in the first half of next year with an internal return rate of 15% to 18%.
According to PERE, the...
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