Arcapita Acquires Three-Property Portfolio in D.C., Atlanta for $110M

by Jeff Shaw

ATLANTA and WASHINGTON, D.C. — Arcapita, a global investment management firm, has acquired a portfolio of three senior living communities near Atlanta and Washington, D.C., for $110 million.

The Arbor Company will operate the three communities following the sale.

Although Arcapita did not disclose any property details, CBRE recently arranged Arcapita’s purchase of two Atlanta-area properties, Arbor Terrace Peachtree City and Arbor Terrace at East Cobb, and Arbor Terrace Sudley Manor in Manassas, Va.

Aron Will of CBRE arranged a $15.9 million, floating-rate acquisition loan for the Sudley Manor acquisition that includes a seven-year term with 36 months of interest-only payments.

Combined with an $87 million portfolio purchase in Colorado earlier this year, Arcapita has invested nearly $200 million in U.S. seniors housing in 2016, totaling six properties and 506 units of independent living, assisted living and memory care. The firm is based in the small Middle-Eastern island nation of Bahrain.

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