Norwood-based LCB Senior Living LLC has acquired two Vermont properties totaling 322 units for $80 million.

Virtus Real Estate capital of Austin, Texas, provided $25.4 million in joint venture equity while PNC Bank provided $57 million in first mortgage acquisition financing for the acquisition of The Lodge at Shelburne Bay and the Lodge at Otter Creek.

Cushman & Wakefield’s Executive Managing Director Richard Swartz, Managing Director Jay Wagner, Director Aaron Rosenzweig and Associate Stuart Kim directed the capital placement efforts for this transaction.

LCB Senior Living is a senior housing owner and operator consisting of the former management team of Newton Senior Living, which was the 16th-largest assisted living company in the nation at the time of its sale to Lazard Freres in 2005. LCB is developing and acquiring senior housing communities in the New England market. The acquisition of these two properties marks LCB’s fifth and sixth acquisitions since recapitalizing its company in 2013. Additionally LCB has developed six senior housing properties and manages two others. All of its developments, acquisitions and management contracts have been in the New England market.