Watermark Retirement Community & Kanye Anderson Capital Advisors Receive $69 Million To Acquire Three Senior Living Communities

Watermark Retirement Communities, Inc. (Watermark) and Kayne Anderson Capital Advisors (Kayne Anderson) recently received $69.5 million from SunTrust Bank to acquire three senior citizen living communities. The three facilities are each located in the southern California region, just outside of Los Angeles.

Two of the communities, Whittier Place and Raincross at Riverside, are located outside Los Angeles; they provide assisted living and memory care. The third community,The Watermark by the Bay (formerly branded as Bayside Park) provides assisted living and memory care in the Emeryville, Oakland, and Berkeley region.

Watermark owns 63 senior citizen living focused communities in . . .