BIRMINGHAM, Ala. — Harbert Management Corp. (HMC) has sold a portfolio of five senior living properties located across four states. The exact locations and property names were not disclosed.
Amenities at the communities, which HMC acquired or developed between 2017 and 2023, include fitness centers, salons, swimming pools and restaurant-style dining.
“We are proud to have built, developed and exited a portfolio of high-quality seniors housing properties that exemplifies our focus on geographic diversification across markets and high operational performance,” says Brian Landrum, senior managing director and co-fund manager for HMC’s seniors housing strategy. “The growing demand for seniors housing positions us for continued growth in the sector and allows us to evaluate strategic sales that drive value for our investors.”
Since the inception of its seniors housing strategy, HMC has executed $1.8 billion in transactions within the senior living sector.