Seniors Housing Vets Close 1st Commingled Fund

The Cottages of New Lenox in the Chicago suburb of New Lenox, IL, one of the seniors properties in the Focus portfolio.

CHICAGO—Although it’s been active in the sector since its formation eight years ago, Focus Healthcare Partners LLC has just closed its first discretionary fund at $312 million. With some help from institutional debt, Focus expects that its Focus Senior Housing Fund I LP will invest $900 million into seniors housing assets over the next several years. The new vehicle will target properties that provide private pay independent living, assisted living and memory care services to senior citizens across the continental United States.

“Seniors housing represents one of the most compelling sectors in the United States,” says founding principal Curt P. Schaller. “with its clear and compelling demographic story and high levels of fragmentation, we see significant opportunities to acquire properties at attractive risk adjusted returns.”