PHILADELPHIA — JLL Capital Markets has arranged the sale and financing of a seniors housing portfolio located throughout Pennsylvania.
Dubbed the Pennsylvania Portfolio, the assets comprise 479 units across seven assisted living and memory care communities. A joint venture between Almanac Realty Investors and Priority Life Care acquired the portfolio for an undisclosed price. ValStone Partners was the seller.
On average, the communities are 27 years of age. ValStone has completed over $8.8 million in capital improvements at the properties since 2020. IntegraCare previously operated the communities on behalf of ValStone.
JLL brokered the transaction on behalf of the seller and secured acquisition financing on behalf of the joint venture buyer.