Deal Snapshot
Kong Capital Partners with MedCore to Acquire Senior Housing Portfolio for USD 52m
Wednesday 15 July 2020

Texas, US-based real estate private equity firm Kong Capital LLC has partnered with MedCore Partners to acquire a 7-property senior housing portfolio, located in Washington State and Southern California, for USD 52m, the company said.

The group raised equity from Locust Point Capital who acts as the sole limited partner for the acquisition. The lender for the transaction is Bank of Montreal (BMO). The 593-bed portfolio consists of Independent Living, Assisted Living, and Memory Care and is operated by Senior Services of America.

Date Published: 15/07/2020