Carestone disposes of senior housing portfolio

Carestone said the disposal of the properties, located in Saxony, Saxony-Anhalt, Hesse, North Rhine-Westphalia, and Baden-Wuerttemberg, is part of the firm’s growth strategy to actively diversify its revenue streams.

The portfolio being sold includes six standing assets and three facilities under development. 

It total, the assets will provide a total of 1,000 senior living units with assisted living, daycare, and inpatient care provided on-site.