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.
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