Senior Housing News December 18, 2024
A portfolio of eight senior living communities originally developed by Brightview Senior Living has changed hands, with investment funds managed by Morgan Stanley Real Estate Investing as the buyer.
The portfolio of communities comprises a total of 1,186 units across the Providence, Rhode Island; Baltimore, Philadelphia and Boston metropolitan areas. Brightview, headquartered in Baltimore, will continue to manage the communities going forward. The operator currently manages 45 senior living communities in eight states along the East Coast.
Morgan Stanley Real Estate Investing acquired the eight communities from investment management firm Harrison Street. Through its investment management arm, Morgan Stanley (NYSE: MS) manages $53 billion of real estate assets on behalf of its clients across the globe.
With the sale, funds...
Today's Sponsors
Today's Sponsor