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3 Firms Guide $350M Senior Living Real Estate Venture
Law360 (January 12, 2021, 4:38 PM EST) -- Assisted living provider Aegis Living and private equity investor Blue Moon Capital Partners said Tuesday they have teamed up to purchase more than $350 million in senior living real estate, with guidance from Pacifica Law Group, Mayer Brown and Reinhart Boerner.
The 10 senior living communities span California, Washington and Nevada and contain a total of 702 units dedicated to assisted living and memory care apartments, the announcement said. Aegis Living, a Washington State-headquartered provider of assisted living and memory care, said the transaction is its largest to date.