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Keppel takes 50% stake in US senior housing firm

Purchase price of up to around US$77.3m to be funded by Keppel's internal financial resources

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The Hacienda at the River in Tucson, Arizona, one of the 52 senior housing communities managed by Watermark Retirement Communities.

Singapore

KEPPEL Corporation is going into the senior housing sector, with its subsidiary Keppel Capital Senior Living acquiring a 50 per cent stake in United States senior housing operator Watermark Retirement Communities.

Keppel Capital Senior Living entered into a conditional...

sentifi.com

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