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Pensam Residential, a national multi-housing owner and operator, announced today that it has made an investment in a portfolio consisting of 13 active-adult apartment communities with 1,447 units located across the Northeast and Midwest United States.

“We are excited to expand our investment portfolio into the senior living sector,” said Michael Stein, Founder of Pensam Residential. “The accelerating nationwide shift in demographics makes the active-adult space an interesting segment to us, and we will dedicate more resources to explore opportunities in this area.”