Chicago Buy Raises Arcapita’s Senior Living Portfolio to $350M

The Chicago portfolio comprises two premium continuing care retirement communities with approximately 1,100 units operated by Senior Care Development and Life Care Services.

CHICAGO—Arcapita, a Bahrain-based alternative investments firm, has acquired two senior living properties here that raises its US portfolio in this sector to $350 million.

The Chicago portfolio comprises two premium continuing care retirement communities with approximately 1,100 units operated by Senior Care Development and Life Care Services; the second largest senior housing manager in the US with 130 communities across 32 states.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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