BELLEVUE, WA - Aegis Living, a leading provider of assisted living and memory care, and Blue Moon Capital Partners LP, a prominent senior housing private equity investor, announced a second joint venture with the acquisition of 10 communities across California, Washington and Nevada.
The largest deal in Aegis Living s 24-year history includes more than $350 million in senior living real estate, supporting the company s dedication to owning its communities and goal of growing rapidly over the next 10 years. The 702-unit portfolio consists of assisted living and memory care apartments all in urban, high-barrier-to-entry markets with attractive demographics and limited existing supply. Aegis Living previously operated these communities under a lease. With today s announcement, Aegis has ownership in more than 70% of its 32 communities.