Monarch Alternative Capital, an investment firm with approximately $9 billion AUM, and American House Senior Living Communities formed a joint venture to acquire, develop, and manage senior housing properties across the United States. Monarch and American House launched the partnership through the recapitalization of six properties partially owned by American House and one property acquisition from a third party.
The seven-property portfolio totals 1,047 units, comprised of 525 independent living units, 356 assisted living units, and 166 memory care units concentrated within Florida, Michigan, and Ohio. Read more.
