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Quarton Partners advises Oak Crest Communities in its sale to American House Senior Living Communities and Harrison Street Real Estate Capital, LLC.

Transaction

Oak Crest Health Care Services, Inc. and Oak Crest Homes, Inc. (collectively, “Oak Crest Communities”) have been acquired by affiliates of American House Senior Living Communities and Harrison Street Real Estate Capital, LLC. Quarton Partners acted as the exclusive financial advisor to Oak Crest Communities in this transaction.

Company

Oak Crest Communities, headquartered in Jenison, Michigan, is an owner/operator of high-quality senior living communities in West Michigan. Over the last 35 years, Oak Crest Communities has developed a strong brand for service excellence and well maintained, attractive properties. Oak Crest Communities operates four senior living communities in West Michigan with over 500 units dedicated to independent living, assisted living, and memory care housing and care solutions.

Buyer / Investor

American House is one of the Midwest’s largest senior housing companies. With nearly 40 independent living, assisted living and memory care communities, American House offers high-quality housing and care for seniors in Michigan and Florida. Harrison Street Real Estate Capital is a real estate investment management firm based in Chicago, Illinois. Harrison Street was founded in 2005 and has approximately $7.3 billion in assets under management. The firm currently owns more than 30,000 student housing beds, more than 6,800 senior housing/assisted living units, more than 3.6 million square feet of medical office space and more than 36,000 self-storage units.

Contact

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André A. Augier

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Gregory S. McGowan

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