RADNOR, PA – An affiliate of Livingston Street Capital, a boutique private equity firm focused on commercial real estate investments throughout the U.S., has acquired Alta at Regency Crest, a best-in-class, luxury 150-unit 55+ active adult lifestyle multifamily community in the greater Baltimore submarket of Ellicott City, Maryland.
This acquisition comes on the heels of three recent 55+ active adult living property acquisitions by Livingston affiliates, including Schuyler Commons, a 144-unit community in Utica, New York; Glenmont Abbey Village, a 148-unit community near Albany, New York; and Hanover Place, a 150-unit community in the Chicago suburb of Tinley Park, Illinois.
“We studied this sector for a long time; it dovetails well with our prior experience. These acquisitions are consistent with our investment strategy of building a defensive core and core-plus portfolio that focuses on fundamental needs of consumers, like housing for one of the largest segments of the U.S. population, while offering residents value as well as quality,” says Peter Scola, founder and Co-CEO of Livingston Street Capital.