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**Morgan Stanley Real Estate Investing Acquires Senior Housing Portfolio for $305 Million**
Morgan Stanley Real Estate Investing (MSREI) has finalized the acquisition of a MorningStar senior housing portfolio from Kayne Anderson Real Estate for a total of $305 million. The portfolio includes 463 residential units spread across three senior living communities located near Denver, Colorado.
MorningStar, a Denver-based senior housing operator, will continue to manage and operate the communities.
Will Milam, Head of U.S. Investments at MSREI, commented on the acquisition:
“As people age, their real estate needs evolve and as the first Baby Boomers are turning 80 this year, demand for senior housing is rising rapidly. We expect this sector to grow nearly 5% annually over the next five years as this population cohort expands.”
MSREI has been actively investing in the senior housing market since 2022. Currently, the funds managed by MSREI hold ownership interests in approximately 30 senior living communities across the United States, totaling nearly 3,000 units, including independent living, assisted living, and memory care.
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