Prudential Real Estate Investors acquires 391-unit assisted living and memory care portfolio in Tenn. and Conn.

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MADISON, N.J.--(BUSINESS WIRE)--Prudential Real Estate Investors acquired three assisted living and memory care communities in Tennessee and Connecticut on behalf of Senior Housing Partners (SHP) V for $110 million, the company announced today. The acquisition is the first investment for the newly launched fund. PREI is the real estate investment and advisory business of Prudential Financial, Inc. (NYSE:PRU). Additional terms of the transaction were not disclosed. The three Class A communities,

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