Harrison Street and Aegis Living Form Joint Venture for Senior Living Expansion
Harrison Street Asset Management and Aegis Living have announced a strategic joint venture partnership aimed at investing in and developing high-quality assisted living and memory care communities. The collaboration combines Harrison Street's extensive investment expertise and $110 billion in assets under management with Aegis Living's operational experience in senior residential care. The initial phase of the partnership involves an investment in three specific properties: Aegis Gardens in Newcastle, WA; Aegis Living Moraga, CA; and Aegis Living Madison in Seattle, WA. Under the agreement, Aegis Living will maintain management responsibilities for these communities, ensuring continuity of care teams and existing resident services while leveraging Harrison Street's capital to drive innovation and expansion.
Topics: Asset Management Joint Venture Real Estate Investment Senior Living