Brookfield Asset Management Acquires Senior Living Portfolio For $664 Million

Brookfield Asset Management has done a big push into senior living space with a $664 million acquisition of Sunrise Senior Living’s 32-property portfolio.

Healthpeak Properties sold the 3,235-unit portfolio that spans the country, including two in Brooklyn.

Healthpeak declared that it would sell its $2.5 billion senior housing operating portfolio and triple-net senior housing assets in February.

Brookfield bought two Sunrise Senior Living centers in Seattle for $28 million, but Brookfield wasn’t listed as the buyer of the entire portfolio.

The portfolio covers the $36 million purchase of the 189-bed 2211 Emmons Avenue in Sheepshead Bay, Brooklyn, and the $31.1 million purchase of Sunrise Senior Living’s 142-bed Mill Basin, Brooklyn, location at 5905 Strickland Avenue.

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