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DUBAI, Nov 22 (Reuters) - Investment management firm Arcapita said on Tuesday it had acquired a privately-held portfolio of three housing schemes for senior citizens in the United States for around $110 million.
The "senior living communities", located in the metropolitan areas surrounding Washington D.C. and Atlanta, follow the Bahrain-based company's acquisition of three similar schemes in Colorado for a total of $87 million earlier this year.
The properties will be managed by an affiliate of Arbor Company, a community management company, it added.
(Reporting by Tom Arnold; Editing by Mark Potter) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
The "senior living communities", located in the metropolitan areas surrounding Washington D.C. and Atlanta, follow the Bahrain-based company's acquisition of three similar schemes in Colorado for a total of $87 million earlier this year.
The properties will be managed by an affiliate of Arbor Company, a community management company, it added.
(Reporting by Tom Arnold; Editing by Mark Potter) ((Tom.Arnold@thomsonreuters.com; +97144536265; Reuters Messaging: tom.arnold.thomsonreuters.com@reuters.net))
