These transactions follow Arcapita's acquisition of three senior living communities for a total of $87 million in Colorado earlier this year.

All told, the company now has a $200-million portfolio in the US senior living sector. It consists of six independent living, assisted living and memory care communities totaling 506 units in the Washington DC, Atlanta, Denver and Colorado Springs areas.

Arcapita CEO Atif A. Abdulmalik said the fund see a lot of potential in the senior living sector in the US. “Previous investments both in the United States and United Kingdom have returned attractive IRRs and cash-on-cash multiples to investors,” he said in a prepared statement.

Martin Tan, Arcapita's CIO, suggested that the fund will not be investing outside of a few select markets. “The supply of senior housing remains limited in certain sub-markets and the senior housing industry as a whole has outperformed multifamily, office and retail real estate sub-sectors to date,” he said in a prepared statement.

n order to meet the needs and demands of the changing healthcare industry, real estate professionals need to adapt their strategies to new circumstances. Join us at RealShare Healthcare Real Estate on Dec. 7 and 8 for insights on succeeding in both the right markets and product types as well as navigating and finding opportunities in the more challenging ones. Learn more.

WASHINGTON, DC–Arcapita, a global investment management firm based in Bahrain, reports that it has acquired a portfolio of three senior living communities in the Washington DC and Atlanta areas for $110 million. The properties will be managed by an affiliate of The Arbor Co.

It appears that the bulk of the properties are in Georgia, per an earlier news story by GlobeSt.com which reported that Arcapita acquired two senior housing communities in Georgia for $77.25 million, or $327,330 per unit.

CBRE Capital Markets' National Senior Housing team arranged the sale, representing the seller, affiliates of Capitol Seniors Housing. The properties included in the transaction are the 146-unit Arbor Terrace Peachtree City in Peachtree City, GA and the 90-unit Arbor Terrace of East Cobb in Marietta, GA.

Back-of-the-envelope math suggests that the DC asset traded for about $33 million.

These transactions follow Arcapita's acquisition of three senior living communities for a total of $87 million in Colorado earlier this year.

All told, the company now has a $200-million portfolio in the US senior living sector. It consists of six independent living, assisted living and memory care communities totaling 506 units in the Washington DC, Atlanta, Denver and Colorado Springs areas.

Arcapita CEO Atif A. Abdulmalik said the fund see a lot of potential in the senior living sector in the US. “Previous investments both in the United States and United Kingdom have returned attractive IRRs and cash-on-cash multiples to investors,” he said in a prepared statement.

Martin Tan, Arcapita's CIO, suggested that the fund will not be investing outside of a few select markets. “The supply of senior housing remains limited in certain sub-markets and the senior housing industry as a whole has outperformed multifamily, office and retail real estate sub-sectors to date,” he said in a prepared statement.

n order to meet the needs and demands of the changing healthcare industry, real estate professionals need to adapt their strategies to new circumstances. Join us at RealShare Healthcare Real Estate on Dec. 7 and 8 for insights on succeeding in both the right markets and product types as well as navigating and finding opportunities in the more challenging ones. Learn more.