Bain Capital Real Estate and Capitol Seniors Housing have teamed up to acquire an active adult portfolio of two properties in the Dallas-Fort Worth MSA.
The first property, The Orchards at Arlington Highlands, is located in Arlington. Built in 2019, it totals 265,611 square feet and features 180 units that offer one- and two-bedroom floorplan options. The second property, The Orchards at Market Plaza, was constructed in Plano in 2020 and contains 257,102 square feet, also consisting of 180 units with one- and two-bedroom options. The two communities are strategically located minutes from regional malls, entertainment, medical facilities, and major transportation corridors. Financial terms of the acquisition were not disclosed.
Bain noted that we should expect to see more active adult deals from them in the near future, as this sector has a very strong growth trajectory. JLL Capital Markets’ Cody Tremper and Mike Garbers brokered the portfolio on behalf of the seller, Kompass Kapital Management, LLC.
