Kayne Anderson doubles down on Gulf Coast senior housing

As concerns about some properties in the sector mount, a Boca Raton-based firm is investing heavily throughout the region

By Kevin McQuaid
| 6:00 a.m. June 26, 2020
| 0 Free Articles Remaining!

COURTESY RENDERING -- Watermark at Trinity is one of six senior housing properties that a Kayne Anderson Capital Advisors affiliate has acquired in recent months.

Commercial Real Estate

Even as pandemic-inspired declines in occupancies and hikes in operating costs are prompting some investors to reconsider senior housing purchases, a Boca Raton-based firm that specializes in the sector is accelerating its acquisitions throughout the region.

Since the start of the COVID-19 health crisis in March, an affiliate of Kayne Anderson Capital Advisors L.P. has spent about $250 million to buy a half dozen independent living, assisted living facilities and nursing homes from Naples to Tampa, according to county property and other records.