Harrison Street, Aegis Living Form Senior Care Joint Venture
The partnership launches with three West Coast communities and targets growth in assisted living and memory care.
Harrison Street and Aegis Living have announced a strategic joint venture aimed at expanding access to high-quality senior living communities, beginning with three established properties on the West Coast, the companies said Thursday.
The initial portfolio includes Aegis Gardens in Newcastle, Washington, Aegis Living Moraga in California, and Aegis Living Madison in Seattle. The partners said the arrangement is designed to accelerate innovation in assisted living and memory care, two segments of the senior housing market facing growing demand as the U.S. population ages.
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Chicago-based Harrison Street is a real estate investment firm with deep experience in alternative assets, including healthcare-related properties. Bellevue, Washington-headquartered Aegis Living brings operational expertise in upscale senior housing, positioning the joint venture to pursue both capital deployment and care-quality improvements simultaneously.
The announcement reflects a broader trend of institutional capital flowing into senior living, as investors seek recession-resilient assets tied to demographic tailwinds. By pairing a major real estate investor with an established operator, the structure mirrors deal formats that have become increasingly common in healthcare real estate over the past decade.
Neither company disclosed the financial terms of the arrangement or the total capital committed to the venture. Continue reading at All Financial Services & Investing.
