AEW Closes Third Senior Housing Fund with $500 Million

AEW Capital Management held final close on AEW Senior Housing Investors III (SHI III) with commitments totaling $500 million.

SHI III also closed on a separate $100 million of additional client co-investment capital.

The fund invests primarily in age-restricted, independent living, assisted living and memory care communities. It will invest in stabilized, cash-flowing properties, as well as repositioning, renovation, recapitalization and development…