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Taurus Acquires $200M Senior Housing Portfolio

By Steve Adams | Banker & Tradesman Staff | Oct 8, 2020 | Reprints | Unlock Link

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Avita of Newburyport

Boston-based Taurus Investment Holdings is making its first investment in the senior housing sector with a $200 million acquisition of six Massachusetts properties in a joint venture with Burlington-based Northbridge Cos.

The senior portfolio, sold by Welltower, comprises six suburban Boston properties totaling 507 units.

Newmark Knight Frank represented the seller, and sourced the debt involved in the transaction.

Editor’s note: An earlier version of this article incorrectly identified CrowdStreet as a source of equity for Taurus’ investment in the portfolio.

B&T Daily