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Columbia Pacific Advisors unveiled plans to acquire Hawthorn Retirement Group, a Vancouver, Washington-based firm that owns and operates senior housing communities in 20 U.S. states and two Canadian provinces. The buyer did not disclose the terms of the deal.
Hawthorn has 55 communities in operation, with another 24 properties under construction or in pre-development. In addition to the real estate portfolio, the acquisition will include Hawthorn’s management and construction businesses. The purchase of Hawthorn is expected to close later this summer.
Over the past 10 years, funds managed by Seattle-based Columbia Pacific Advisors have developed or acquired more than 300 senior living communities totaling more than 25,000 units. The company is active across other real estate sectors, including the acquisition and development of over 1,300 multifamily units and more than 1.2M SF of commercial space nationwide.
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