Lone Star buys Discovery Village portfolio

Acquisition of a handful of senior living properties around the Gulf Coast part of a larger disposition by Healthpeak Properties

  • By Kevin McQuaid
  • | 12:00 p.m. July 15, 2021
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Discovery Village Sarasota Bay was one of a handful of senior housing assets around the Gulf Coast that Lone Star Funds of Texas acquired recently.
COURTESY PHOTO — Discovery Village Sarasota Bay was one of a handful of senior housing assets around the Gulf Coast that Lone Star Funds of Texas acquired recently.
  • Commercial Real Estate
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Dallas-based Lone Star Funds has acquired five Discovery Village senior living communities around the Gulf Coast for $129.73 million, according to property records.

The purchases were part of a 10-property portfolio containing 1,428 units that were sold by Denver-based Healthpeak Properties. In all, Lone Star paid $334 million for the 10 properties.

 

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