Search
 

Kaplan, Harrison Form $350M Senior Housing Venture

WOODBURY, NY-The joint venture will focus on the development, redevelopment and acquisition of a portfolio of assets worth over $350 million.

By Natalie Dolce | Updated on August 16, 2007

(Read more on the multifamily market.)

WOODBURY, NY-Kaplan Development Group LLC, a locally based senior housing operator and developer, and Harrison Street Real Estate Capital LLC, a Chicago-based real estate private equity firm, have formed a new venture focused on the development, redevelopment and acquisition of senior housing properties in strategic submarkets throughout the Northeast and Southeast US.

The venture initially plans to develop and acquire a portfolio of assets worth over $350 million during the next three years and was launched with the recapitalization of six senior housing properties totaling 540 units in New Jersey, Pennsylvania, Delaware and Georgia. Further property closings will be announced in the coming months.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.