Northbridge Companies and Taurus Investment Holdings recapitalized their portfolio of six Class-A seniors housing communities in the Boston suburbs for $227 million, or $447,700 per unit. The recap comes five years after the joint venture acquired the portfolio for approximately $200 million, or $394,500 per unit, which was Taurus’ first investment in the seniors housing sector. Welltower (NYSE: WELL) was the seller at the time, having been represented by the team at Newmark, which also helped facilitate debt for Northbridge. That same Newmark team represented Northbridge and Taurus in the 2025 recap.
Featuring 507 units of independent living, assisted living and memory care, the portfolio averages more than 15 years in age. The communities are located in Burlington, North Dartmouth, Newburyport, Needham, Plymouth and Tewksbury, Massachusetts. No other details on their performance were disclosed, but we imagine they were doing well. The buyer was also not disclosed.
