Berengaria, a portfolio company of Marcus Investments, has completed its acquisition of Charter Senior Living of Hazel Crest. This is the fourth senior living property added to Marcus Investment’s portfolio.
Berengaria is the real estate company of Marcus Investment’s family office umbrella and has developed or managed over $600 million of real estate across the United States. The new acquired property is a 64-unit community offering assisted living and memory care.
“Hazel Crest offers a unique opportunity to invest in the fast-growing middle-market segment of senior living,” commented Dan Sisel, partner at Marcus Investments. “The renovations that were completed by the previous owner under Charter’s management, combined with the improvements we are planning, will make Charter of Hazel Crest the most sought after affordable senior living option in the area.”