Birmingham, AL-based Harbert Management Corp. closed July 1 on the sale of five senior living communities across three separate transactions totaling $455 million, the alternative asset management company reported Monday.
The properties included 811 independent living, assisted living and memory care units across four states.
“We’re really trying to capitalize on some of the hot markets that we see today on the acquisition and disposition side of the business,” Brent Johnson, co-head of the senior housing team at Harbert, previously told the McKnight’s Business Daily. “Capital market activity has been very aggressive and active for the last six months, and it’s ramped up dramatically over the past 12 months.”…