Post Acute & Senior Living: JV acquires $849 million portfolio

Horizon Bay Tamarac in Tamarac, Fla., is one of 35 former Chartwell communities acquired by Brookdale and HCP Inc. (Photo courtesy of Brookdale Senior Living)

Horizon Bay Tamarac in Tamarac, Fla., is one of 35 former Chartwell communities acquired by Brookdale and HCP Inc. (Photo courtesy of Brookdale Senior Living)

Brookdale Senior Living teams up with HCP on 35 private pay communities

By Daniel H. Larson

Brentwood, Tenn.-based Brookdale Senior Living (NYSE: BKD) and HCP Inc. (NYSE: HCP) of Irvine, Calif., recently announced their collaborative acquisition of an $849 million senior housing portfolio from Mississauga, Ontario-based Chartwell Retirement Residencies.

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