**Capitol Seniors Housing JV Acquires The Woods at Merrimack in Methuen, MA**
Sunshine Retirement Living (SRL) has sold The Woods at Merrimack, a senior living community located in Methuen, Massachusetts, to a joint venture between Capitol Seniors Housing (CSH) and a global alternative asset manager with more than $55 billion in assets under management. Financial terms of the transaction were not disclosed. Despite the ownership change, SRL will continue to manage the day-to-day operations of the community.
The purchase marks the first senior housing acquisition by the partnership between CSH and the asset manager, signaling the beginning of a long-term strategic collaboration aimed at expanding their investments in the senior living sector nationwide.
“We are proud to continue managing The Woods at Merrimack under its new ownership,” said Luis Serrano, CEO of SRL. “Our team remains deeply committed to delivering exceptional experiences for residents while creating long-term value for our ownership partners. This collaboration with Capitol Seniors Housing and the asset management firm highlights the strength and scalability of our management platform.”
