Kayne Anderson Senior Housing Fund Hits Target

Nearly $1.62 billion could soon make its way into the U.S. senior housing market with the help of a new fund from Kayne Anderson Capital Advisors. The Los Angeles-based alternative investment firm has not yet closed its latest real estate fund, though it is in the process of doing so, a person familiar with the fund told Senior Housing News. The firm has met its target of $1.2 billion, but the hard cap is $1.8 billion and it’s working toward that goal, the source said.

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Source: Senior Housing News