Arcapita sells realty portfolio

The portfolio includes 16 facilities and 4,000 residential units for continuing senior care.



Published: Fri 12 Jun 2015, 1:16 AM

Last updated: Wed 8 Jul 2015, 2:47 PM

Bahrain-based Islamic investment firm Arcapita said on Wednesday it had sold its real estate portfolio of retirement communities across the United States to NorthStar Healthcare Income Trust for $640 million.

The portfolio includes 16 facilities and 4,000 residential units for continuing senior care. Net operating income from the portfolio grew by 41 per cent between 2010 and 2014, despite a slump in the US housing market.


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