Bahrain-based investment management company Arcapita (Mumtalakat Holding Company) on Tuesday announced the completion of a $200 mn in acquisitions of senior living communities over the course of 2016, most recently purchasing a portfolio of three such communities for $110 mn in the areas around Washington DC and Atlanta, according to a press release.
The communities in DC and Atlanta will be managed by an affiliate of The Arbor Company.
Arcapita earlier this year already acquired another three communities for $87 mn around Denver and Colorado Springs. All in all the six communities offer a total of 506 units.
Arcapita explained the rationale for the investment by pointing to the fact that the senior population is the fastest growing demographic in the US, therefore offering large potential for growth.