Greene Park Capital invests in Boston active adult residency

Portfolio | Dec 20, 2024 | greenpark capital

Greene Park Capital invests in Boston active adult residency

Greene Park Capital, a Chicago-based healthcare real estate investment firm, has made a significant investment in an active adult community in the Boston metropolitan area. This marks the firm's first foray into the multi-family, age-restricted space, aligning with their broader strategy to capture the growing demand in senior housing. With an aging, yet healthier population, Greene Park Capital identifies the active adult sector as a key area for growth, offering lifestyle-focused living to residents aged 55 and above without nursing or meal care services. Recognizing the sector's potential, the firm has a $250 million pipeline for such projects, aiming to enhance their portfolio with investments in major metro and suburban areas. Working through joint ventures and leveraging industry ties, Greene Park Capital aims to drive value through strategic real estate investments.

Sectors

  • Healthcare Real Estate
  • Active Adult Communities

Geography

  • United States – Greene Park Capital is based in Chicago and has invested in an active adult community located in the Boston metropolitan area.
  • Boston Metropolitan Area – The location of Greene Park Capital's latest investment in an active adult community.

Industry

  • Healthcare Real Estate – Greene Park Capital operates primarily in healthcare real estate, focusing on investments in age-restricted multi-family communities and seniors housing.
  • Active Adult Communities – The investment targets the active adult communities sector, which caters to a growing population of seniors seeking independent living with amenities.

Financials

  • $250 million – The projected pipeline for Greene Park Capital’s investments in active adult communities.

Participants

NameRoleTypeDescription
Greene Park CapitalInvestorCompanyA Chicago-based healthcare real estate investment firm focusing on seniors housing and healthcare assets.
Carrie HiebelerCo-Founder and Managing PartnerPersonCo-Founder and Managing Partner at Greene Park Capital, involved in the strategic direction of the firm's investment activities.
Jordyn BergerPartner and Head of Seniors Housing PlatformPersonPartner at Greene Park Capital, overseeing the seniors housing investment strategy.
Major Institutional InvestorPartnerCompanyA partner working with Greene Park Capital on the active adult community investment.