Benchmark Senior Living and Farallon Capital Management have closed on the purchase of New Pond Village, a 199-unit senior living community in suburban Boston. The property features 167 independent living apartments along with 2 supportive care apartments and services designed for individuals looking for assistance. The community becomes the fourth continuing care retirement community and the 54th location for Benchmark, the largest provider of senior housing in the Northeast. “We are delighted to embrace the New Pond Village community of residents and families,” says Tom Grape, Benchmark Chairman and CEO, “and we are especially happy to welcome the experienced 120-member team of leaders and associates – many of whom have been at New Pond Village for years – into the Benchmark family.” Terms of the sale were not disclosed.
