Insights > Deals
Harrison Street and Aegis form senior living joint venture
5 November 2026 | JV | US | TBC | Operational
The partnership starts with an investment in three assisted living and memory care communities, with further acquisitions and developments planned.
Key details
Asset type | Operational |
Location | Newcastle, Moraga and Seattle, US |
Capacity | Undisclosed |
Party 1 | Harrison Street Asset Management |
Party 2 | Aegis Living |
Value | Undisclosed |
Source: Harrison Street
The initial portfolio comprises Aegis Gardens in Newcastle, Aegis Living Moraga and Aegis Living Madison in Seattle. Aegis will continue managing all three with existing teams; Berkadia advised it on the transaction.
Strategic context
Founded in 1997, Aegis operates 37 communities across Washington, California and Nevada. Harrison Street launched its senior housing investment strategy in 2005 and has since invested $16 billion in senior housing assets comprising 46,000 units. The partnership expands Harrison Street's network of operating partners whileproviding Aegis with capital to support further acquisitions and developments.
SUBSCRIBE TO STUDENT HOUSING INSIDER
Stay close to the student housing market
Subscribe to Student Housing Insider for a weekly update on student housing transactions, development pipeline, market trends and selected BONARD analysis.
Designed for investors, developers, operators, lenders and market participants tracking the student housing sector.