One reason is that senior housing is becoming a more mainstream investment segment, JLL says.

The deal was a 1031 exchange for the company.

Saban Capital Group is the buyer of the 372,552-square foot building.

Fundamental Advisors and Senior Care Development are partnering with the goal of buying up assets in the Continuing Care Retirement Communities space.

Reven Housing REIT is using the $51.3 million loan to pay off debt and fund future acquisitions.

Once the deal closes, SST II will acquire a portfolio totalling approximately 2.1 million net rentable square feet of storage space.

The DC office market posted 3.6 million square feet of gross leasing activity in Q3 2018, the highest quarterly volume since Q2 2016.

The waiting period for the acquisition ended on Friday allowing Moody's to move forward with its bid.