W
ilmington's HarborChase Assisted Living Facility Sold to Ventas Inc.

    A publicly-traded real estate investment trust has acquired the 96-unit HarborChase of Wilmington assisted living and memory care community from a Florida-based private equity firm for $18.5 million. The facility, located at 2004 Shipley Road near Fairfax, was purchased by Ventas Inc., headquartered in Chicago. This transaction marks another significant commercial real estate deal in New Castle County.

    Ventas Inc.'s acquisition of HarborChase is the latest development in the county's commercial real estate market. As a leading healthcare-focused REIT, Ventas has expanded its portfolio with this strategic purchase. The sale was recorded in county land records and underscores the ongoing interest in senior living facilities by investors.

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