Real estate investment and development firm MedCore Partners has acquired a seven-property senior living portfolio operated by Senior Services of America (SSA), and has ambitions to do similar value-add, middle-market deals going forward. The 582-unit portfolio consists of five properties in Washington state and two in California, offering a mix of independent living, assisted living and memory care. The communities will continue to be operated by SSA. They were previously owned by Chicago-based Ventas (NYSE: VTR), according to past property lists maintained by the real estate investment trust.
Read the full article: MedCore, Locust Point Acquire 7-Property Senior Living Portfolio from Ventas //
Source: https://seniorhousingnews.com/2020/07/10/medcore-locust-point-acquire-7-property-senior-living-portfolio-from-ventas