James S. Smith, Managing Principal
The Woodlands, TX - February 20, 2015 - Kensington Realty Advisors, a SEC-registered investment manager based in Chicago, and SEDCO Capital have jointly acquired The Village at the Woodlands Waterway. The Village is a 207-unit independent, assisted living and memory care facility located in the prestigious community of The Woodlands, Texas, 30 miles north of downtown Houston.
The property, completed in 2012, is located along The Woodlands Waterway and is within walking distance to entertainment and shopping. "We are pleased to acquire such an attractive property in a tremendous location" said James Smith, Managing Principal of Kensington.
"We are proud to own the premier senior housing community in the Woodlands area." In conjunction, with the acquisition, Kensington has retained the Senior Lifestyle Corporation, a major senior housing services provider, to take over the operations of the community. Smith said, "We are confident Senior Lifestyle will provide excellent service for all the residents."
Samer Shaaban, head of real estate at SEDCO Capital said, "Our firm belief in Shariah compliant investing, which is very similar to ethical investing, coupled with acquisitions that are defensive in nature help us diversify our client portfolios. We work with the best in class managers and partners and engage ourselves in active asset management to deliver excellent returns". SEDCO Capital continues to target assets in the senior housing sector and expects to assemble a sizable portfolio over the next 12 months, taking advantage of a stable and growing US economy with the objective of offering its clients opportunities that are generally not easily available to them.
About Kensington Realty Advisors
Kensington Realty Advisors, Inc. is a Registered Investment Advisor providing investment management and advisory services. Acting strictly as a fiduciary, its primary clientele includes institutional, pension, off-shore and high net worth investors. KRA is composed of a team of highly experienced real estate professionals with extensive backgrounds in real estate investment and asset management. The firm focuses on investments in apartments, student and senior housing and industrial property on a nationwide basis.
About SEDCO Capital
SEDCO Capital is a leading investment management firm based in Jeddah, Saudi Arabia. SEDCO Capital has a strong track record of delivering superior returns and currently manages in excess of US$ 3 billion in a diversified spectrum of investments in real estate, equities and other businesses. For the past 14 years SEDCO Capital has held an extensive portfolio in global real estate, having invested in over 22 countries, by partnering with local asset managers. A hallmark of SEDCO's philosophy has been socially responsible investing because of their adherence to the principles of Shariah, which are very similar to ethical investing practices. In alliance with leading players like Kensington, SEDCO has successfully achieved attractive returns through responsible investment practices in real estate.
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