Milwaukee, WI, January 31, 2023 – Berengaria, a portfolio company of Marcus Investments, together in partnership with Vitality Living, announced it has completed the acquisition of Appletree Court, Richardson, Texas. This asset is the seventh seniors housing property to be added to Marcus Investment’s growing seniors housing portfolio.
The 112-unit community currently offers Assisted Living to residents located within the north Dallas corridor. Dan Sisel, Partner at Marcus Investments said, “We were more than excited to acquire this property with our partner, Vitality Living, a group whom we have wanted to work with for many years. Adding a continuum of care by converting assisted living units to memory care will make the asset significantly more competitive within the market and offer residents the option to age in place. Richardson is a dense market with high barriers to entry being located on the north side of Dallas, just south of Plano. These attributes contribute to the significant unmet demand for assisted living and memory care in the market.”
About Marcus Investments, LLC & Berengaria Development LLC
Berengaria, the real estate company under the Marcus Investments family office umbrella, has developed and/or managed more than $700 million of real estate nationwide since its inception in 2008. The company’s team of real estate and multi-vertical business experts is actively seeking opportunities to accelerate its growth, with a focus on acquiring open air retail shopping centers and seniors living communities. Prospective retail opportunities should be sent to the attention of Jay Peirick, email@example.com and prospective senior living opportunities should be sent to the attention of Dan Sisel, firstname.lastname@example.org.
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