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BALTIMORE — PGIM Real Estate has sold a portfolio of 11 seniors housing properties.
Baltimore-based Brightview Senior Living manages the communities, which are located throughout the Northeast and Mid-Atlantic.
The sale was executed by SHP IV, the fourth in PGIM Real Estate’s series of dedicated closed-end funds designed to capitalize on opportunities in the seniors housing sector. SHP IV closed in 2012 with approximately $569 million in commitments from institutional investors.