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Exterior of seniors housing facility The Parkway in Blue Springs, MO, near Kansas City, is one of 30 seniors housing communities in the Sentio REIT portfolio.

BOCA RATON, FL—Kayne Anderson Real Estate Advisors said Thursday it had completed its acquisition of Sentio Healthcare Properties. KAREA said in May that it would pay $825 million in cash for the KKR-backed, non-listed REIT.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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