Clearwater Living and Berkshire Realty Ventures are partnering on a private-equity real estate fund meant to create a senior housing portfolio with a $1 billion gross asset value, Senior Housing News reports.
The two companies will seek additional joint venture partnerships with institutional investors and focus on developing and acquiring age-restricted, independent living, assisted living and memory care communities. Berkshire and Clearwater have a “deep pipeline of available opportunities,” the companies said. Read more.
