Benchmark buys eight communities.With the purchase of eight properties, Benchmark Assisted Living as·sist·ed living n. A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication. , Wellesley Hills, Mass., has boosted its portfolio to 23 assisted living communities. According to Benchmark, this acquisition makes it the largest company of its kind in New England, with communities in Massachusetts, New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). , Vermont, Connecticut, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , and Maine. Seven of the recently acquired properties are in Massachusetts; one is in New Hampshire. They were previously owned by SK Properties of Southern New Hampshire. Charlesbank Capital Partners has allocated $22.5 million in financing for Benchmark's latest acquisition and for future projects. Charlesbank is a private equity and real estate investment firm, with offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Boston. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion