BOSTON – Taurus Investment Holdings LLC and Northbridge Cos. have formed a partnership and acquired six class A senior housing properties for $200 million.
Newmark Knight Frank facilitated the sale on behalf of the seller, Welltower.
The 507-unit portfolio, comprises both assisted living and memory care properties, located in suburban Boston submarkets.
Recommended For You
The properties are operated by Northbridge Cos.
The transaction represents Taurus Investment Holdings' first investment within the senior housing sector.
"Taurus is thrilled to have been able to capitalize on the opportunity to acquire an institutional quality portfolio," states Peter A. Merrigan, CEO of Taurus. "We believe that the demand for high quality senior housing will remain strong in the coming years with the upcoming demographic shift as the 75+ population continues to accelerate.
"This transaction brings Northbridge Cos. back to our roots of partnering with high net worth families who have a long-term commitment to investing in institutional grade senior housing," states James Coughlin, CEO of Northbridge Cos. "Northbridge and Taurus intend to partner on future transactions and to continue to build a best in class portfolio in New England."
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
