A holding from the Morningside portfolio
WASHINGTON, DC–An affiliate of HCP has closed on a 526-unit assisted living portfolio located in the Mid-Atlantic that had not one, not two but three major challenges associated with its sale.
The portfolio, called the Morningside House Mid-Atlantic Portfolio, traded for $186.25 million or $354,424 per unit — nearly a year after going under contract.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
