Morgan Stanley Real Estate Investing, in partnership with Foundry Commercial, has completed the sale of the final 11 communities in the Spring Arbor Senior Living collection in Maryland and Virginia for $296 million. The portfolio, consisting of 795 assisted living and memory care units, was sold to an S&P 500 company focused on senior housing, marking Morgan Stanley’s full exit from the Spring Arbor investment. JLL Capital Markets advised on the transaction.
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