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REIT Buys $478M Senior Housing Portfolio

NEWTON, MA-Senior Housing Properties Trust is buying nine Vi as Classic Residence senior living rental communities from a Pritzker-owned group.

By Ryan Clark | Updated on September 02, 2011

NEWTON, MA-Senior Housing Properties Trust is purchasing a nine property portfolio of senior living rental communities for $478 million. The portfolio is branded as Vi as Classic Residence. Vi did not confirm that the properties being purchased by Senior Housing were being sold by Chicago based Pritzker Realty Group, but the Vi brand is owned by a Pritzker ownership group.

The nine communities are located in Maryland, Nevada, New Jersey, New York, Texas and four in Florida. Those properties are: 22601 Camino Del Mar, Boca Raton, FL; 2480 N Park Rd., Hollywood, FL; 8500 W. Sunrise Blvd., Plantation, FL; 1371 S Ocean Blvd., Pompano Beach, FL; 8100 Connecticut Ave., Chevy Chase, MD; 3201 Plumas St., Reno, NV; 655 Pomander Walk, Teaneck, NJ; 537 Riverdale Ave., Yonkers; and 5455 La Sierra Dr., Dallas.

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