The Carlyle Group has acquired Monarch Place Piedmont, a 149-unit assisted living community in Oakland, Calif. Equity for the investment will come from Carlyle Realty Partners VI L.P., a $2.25 billion U.S. real estate investment fund, the firm said. The community was renamed The Point at Rockridge.
PRESS RELEASE
Global alternative asset manager The Carlyle Group (NASDAQ: CG) announced today that it has acquired Monarch Place Piedmont, a 149-unit assisted living community in Oakland, CA.
