Enlivant and TPG, a global investment firm based in Fort Worth and San Francisco, have purchased four senior housing communities in 14 states.
The sales price was not confirmed for a purchase made from several organizations.
The acquisition encompasses 3,084 independent living, assisted living and memory care apartment units, representing close to a 40-percent expansion for Enlivant, according to the firm. Sixteen of the transactions recently closed, with the remaining 32 expected to close in the next several months.
“These transactions mark a period of significant business momentum for Enlivant as it continues to scale its national operating platform while maintaining its founding commitment of providing each of its residents with the highest level of attentive, individualized and personalized care in a home-like setting,” said Avi Banyasz, partner and co-head of TPG Real Estate, TPG’s real estate division, commenting in a news release.
The communities are located in Arizona, Delaware, Florida, Georgia, Kansas, Illinois, Indiana, North Carolina, Ohio, Oklahoma, Pennsylvania, Tennessee, Virginia and West Virginia.