UWS Seniors Building Trades to Investor Group

305 West End Ave. on Manhattan’s Upper West Side.

NEW YORK CITY—An investor group including Northwind Group, Harrison Street Real Estate Capital LLC and the Engel Burman Group said Friday it had acquired a seniors housing facility on Manhattan’s Upper West Side. The group did not identify the seller or disclose the price; the Wall Street Journal reported that the group paid $150 million to acquire the 16-story 305 West End Ave. from the Scharf family, which operates a senior residence there called the Esplanade.

“This investment reflects our commitment to ensuring senior residents in the New York Metropolitan area receive high-quality senior housing care,” the investor group says in a statement. “This state-of-the-art senior housing facility at 305 West End Avenue will be a beacon for retired New Yorkers who wish to enjoy this dynamic city while seeking a safe, warm and nurturing environment. We look forward to deepening our ties to our residents, our neighbors and the surrounding community and are committed to ensuring the transition from the previous ownership is seamless.”