Greene Park Capital, a Chicago-based healthcare real estate investment firm, announced its first acquisition of an active adult community in an attractive Boston, Massachusetts suburb. Greene Park made the purchase in partnership with a major institutional investor for an undisclosed price.
Built in the last five years, the Class-A community features approximately 225 units. Given the strong market and national owner/operator seller, we imagine it was very well occupied and stabilized. Greene Park has a pipeline in the active adult sector totaling about $250 million, which the firm expects to grow as it seeks out institutional-quality opportunities in major metro and suburban areas.
