Keppel Corporation to Acquire 50 Percent Stake in Watermark Retirement Communities

Posted on 08/04/2018

Singapore-based Keppel Corporation, through its wholly-owned subsidiary, Keppel Capital Senior Living LLC, which is held through Keppel Capital Holdings Pte. Ltd. (Keppel Capital), purchased a 50% ownership stake in Tuscon, Arizona-based Watermark Retirement Communities. Watermark Retirement Communities is a major senior housing operator in the United States. The transaction price was approximately US$ 77.3 million. […]