PHILADELPHIA, PA—Harrison Street Real Estate Capital, a real estate private equity firm focused exclusively on investments in the Education, Healthcare, and Storage sectors, is acquiring an 11 property senior housing portfolio that includes properties in Philadelphia. Other properties in the portfolio are in the Baltimore, Boston, Staunton, VA and Newport, RI areas.

The transaction also marks the beginning of a newly formed joint venture with The Shelter Group, which will continue to operate these properties through its Brightview Senior Living entity.  Brightview, a Baltimore-based operator and developer of senior housing, developed nine of these communities and currently operates each of these assets through its Brightview brand.

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