In a joint venture, Harrison Street and Brightview Senior Living have acquired five senior living properties. This partnership is dedicated to providing top-quality senior housing in the Northeast’s high-demand micro-markets with limited competition.
The newly acquired portfolio includes 743 units spread across Massachusetts, Maryland, New Jersey, Pennsylvania, and Virginia. These communities are newly constructed and boast an impressive average occupancy rate of 94%, showcasing the strong demand for exceptional senior living options.
Brightview Senior Living will continue to manage these communities as they have been doing for over a decade as Harrison Street’s trusted partner. Together, their shared portfolio now consists of 26 assets totaling more than 3,600 units – including one currently under construction in Fairfax,Virginia. With over $14.1 billion invested in senior housing since its inception,Harrison Street ranks among the top five owners nationwide.
