Arcapita Enters Senior Living Multifamily Niche with $85M Acquisition

Posted on Jan 18 2016 - 9:08pm by Brandon De Hoyos

Arcapita_Senior_Living(DENVER, CO.)Arcapita has announced it has acquired an $85 million senior living community in Colorado.

The privately-held portfolio will be held in a joint venture with MorningStar Senior Living, signaling Arcapita’s entrance into the niche multifamily market and their first in a serious of planned senior living acquisitions, Multifamily Biz reports.

The portfolio includes 196 units and 243 licensed beds in Denver and Colorado Springs.

The communities, which were built in 2013 and 2014, boast state-of-the-art facilities including large courtyards, fireside living rooms, fitness and spa facilities, and other advancements.