Bahrain’s Arcapita acquires $85 million senior living facilities in U.S.

Arcapita, the Bahrain-based investment management firm, says it has acquired a privately-held portfolio of senior living communities in Colorado, United States, for $85 million. 

The firm expects this acquisition, which is a joint venture with MorningStar Senior Living, to be its first in a series of senior living facilities in the United States.

The Shariah-compliant firm previously acquired, managed and exited from a series of senior living investments with a total transaction value in excess of $1.5 billion in the U.S. and UK. 

The firm's current portfolio consists of three assisted living and memory care communities in Denver and Colorado Springs in the U.S.

Arcapita completed a $100 million fundraising in November, 2014, a little over a year after emerging from Chapter 11 bankruptcy.