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organ Stanley Investment Management has partnered with Brightview Senior Living to acquire a portfolio of eight premium senior housing communities from Harrison Street. The portfolio, comprising 1,186 units across the Baltimore, Philadelphia, Providence, and Boston metropolitan areas, was originally developed by Brightview.

    "We're pleased to add this high-quality portfolio to our investment platform," said Will Milam, Head of U.S. Investments at Morgan Stanley Real Estate Investing. "Aging demographics and Brightview's 25 years of providing excellent care for their residents make this an attractive investment."

    Brightview will continue to operate the communities, with Brian Engle, EVP of Operations, stating, "We're excited to partner with MSREI as we remain committed to being a great place to work for our associates and a great place to live for our residents."

    The acquisition is part of Morgan Stanley Real Estate Investing's strategy to capitalize on the growing demand for senior housing. With nearly 69 million baby boomers expected to reach 70 or older by 2033, the sector is poised for growth.

    Funds managed by MSREI have been actively investing in senior housing since the COVID-19 pandemic and now own approximately 30 senior living communities across the United States with nearly 3,000 units. JLL Capital Markets advised the sellers on the transaction and secured Freddie Mac acquisition financing for MSREI.

    Brightview Senior Living operates over 45 award-winning vibrant senior living communities in eight states along the East Coast, offering a range of care options including independent living, assisted living, enhanced care, and memory care.

    Morgan Stanley Real Estate Investing is the global private real estate investment management business of Morgan Stanley, with $53 billion of gross real estate assets worldwide under management.