Chiron Real Estate to acquire three senior housing communities for $425 million
Updated
Updated · MarketWatch · May 6
Chiron Real Estate to acquire three senior housing communities for $425 million
1 articles · Updated · MarketWatch · May 6
Summary
The purchases from Silverstone affiliates include two newly built communities in Alexandria, Virginia, due to close on 1 June, and one in Montgomery County, Maryland, expected in October.
The deals mark Chiron's first move into senior housing, with chief executive Mark Decker Jr citing strong long-term demand and limited new supply.
Silverstone will retain an active oversight role and Greystone will continue managing the properties as Chiron expands into housing in supply-constrained markets.