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Investment funds managed by Morgan Stanley Real Estate Investing, the private real estate investing arm of Morgan Stanley Investment Management, have acquired a portfolio of eight senior housing properties from Harrison Street. The properties total 1,186 beds and are situated across four states.

The communities are in the Baltimore, Philadelphia, Boston-Providence, R.I., and Danvers, Mass., areas. The portfolio was initially acquired by Harrison Street in a joint venture with Brightview Senior Living in July 2014. Brightview Senior Living continues to manage the properties and have an ownership interest in the portfolio with MSREI.