Harrison Street and Aegis Living Form Joint Venture for Assisted Living Expansion
Investment firm Harrison Street and operator Aegis Living have partnered to acquire three senior care facilities, marking a new collaborative strategy for the companies in the Pacific Northwest.
Harrison Street and Aegis Living have launched a joint venture targeting the acquisition and development of senior living communities. The collaboration begins with the integration of three existing facilities: Aegis Gardens in Newcastle, Aegis Living Moraga, and Aegis Living Madison in Seattle.
The partnership aims to scale operations within the assisted living and memory care sectors. By combining Harrison Street’s capital resources with Aegis Living’s operational expertise, the entities intend to address the growing demand for senior care infrastructure in the United States.
This move comes as private equity firms increasingly look toward the aging demographic to drive long-term real estate investment stability. The venture will focus on refining care delivery models and enhancing facility longevity, though specific financial terms of the agreement remain undisclosed.