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Harrison Street has announced the acquisition of five senior living properties in a joint venture with Brightview Senior Living. The joint venture aims to deliver premier senior housing to the growing pools of demand in strategic, high-barrier-to-entry micro-markets throughout the Northeast.

The five-property portfolio comprises 743 units across newly constructed communities located in Massachusetts, Maryland, New Jersey, Pennsylvania and Virginia. With an average 94 percent occupancy rate, the properties demonstrate the continued and robust demand for high-quality senior living communities, driven by the aging U.S. population and limited availability as senior housing construction is at a decade low based on NIC’s 2024 senior housing supply growth data. These communities offer independent living, assisted living and memory care options with top-of-the-line amenities, finishes and technology.