The Whitford: HMC's South Bay Team Closes Luxury Senior Housing Deal
Deal News | Jan 06, 2025 | Harbert Management Corporation
Harbert Management Corporation's South Bay investment team has successfully closed on The Whitford of Dublin, a luxury rental housing community for seniors located in Dublin, California. This acquisition consists of 140 premium rental units dedicated to senior living, reflecting Harbert's continued strategy to invest in high-quality housing solutions that cater to the aging population. The deal exemplifies Harbert Management Corporation's focus on expanding its portfolio within the senior housing sector, targeting markets with strong demand for upscale living options for seniors.
Sectors
- Real Estate
- Senior Housing
- Investment Management
Geography
- United States – The transaction involves a property located in Dublin, California, with mentions of offices in Dallas, Texas, and Birmingham, Alabama, indicating a U.S.-based operation.
- California – Dublin, California is the specific location of the acquired senior housing community, making it the primary geographical focus of this deal.
Industry
- Real Estate – The article discusses the acquisition of a seniors housing community, falling under the real estate sector focusing on residential investments.
- Senior Housing – The acquisition pertains specifically to the senior housing market, which involves the development and management of residential communities for the aging population.
- Investment Management – Harbert Management Corporation's activity in acquiring property aligns with its role in managing investments and growing its asset portfolio.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Harbert Management Corporation | Buyer | Company | An investment firm specializing in alternative asset strategies, which acquired The Whitford of Dublin. |
| The Whitford of Dublin | Target | Company | A luxury rental housing community for seniors located in Dublin, California, consisting of 140 units. |