Investment management firm Arcapita said on Tuesday it had acquired a privately-held portfolio of three housing schemes for senior citizens in the United States for around $110 million.
The “senior living communities”, located in the metropolitan areas surrounding Washington DC and Atlanta, follow the Bahrain-based company’s acquisition of three similar schemes in Colorado for a total of $87 million earlier this year.
The properties will be managed by an affiliate of Arbor Company, a community management company, it added.
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