Bahrain’s Arcapita buys US senior citizen housing for $110m

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 $110m.

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 $87m earlier this year.

The properties will be managed by an affiliate of Arbor Company, a community management company, it added.