VANCOUVER, Wash. — Access Industries, an international investor largely focused on the industrial sector, has partnered with Vancouver-based seniors housing owner-operator JEA Senior Living.
Access made an investment that gives the company a majority stake in the partnership. The price and percentage stake were not disclosed.
The partnership between Access Industries, an institutional real estate investor with expertise in complex operating assets, and JEA, a memory care-focused housing provider, plans to acquire and develop additional communities in select markets in the United States.
The transaction follows Access Industries’ purchase of 10 senior living communities from JEA and its affiliates in March 2019 in Washington, Oregon, Texas, Tennessee and Indiana.
JEA’s leadership team, led by CEO Cody Erwin, will remain in place.