H & H Total Care Services has sold an eight-building seniors housing portfolio in western Canada for more than $300 million. New owners, a joint venture partnership of Axium Infrastructure and Optima Living, garner nearly 1,100 suites with a roughly balanced mix of independent, assisted living and long-term care tenure.

“This strategic portfolio transaction provides the joint venture partnership with immediate scale and considerable market share of funded seniors housing residences in Western Canada,” says Mark Gallagher, executive managing director of Newmark Group, which represented the vendor in the deal.

The portfolio includes three buildings that have opened since 2019 and also comes with approved expansion opportunities for up to 360 additional units. H & H Total Care Services is a family-owned business based in British Columbia.