BIRMINGHAM, Mich., Oct. 27, 2014 /PRNewswire/ — Quarton Partners is pleased to announce that Oak Crest Health Care Services, Inc. and Oak Crest Homes, Inc. (“Oak Crest Communities”) have been acquired by affiliates of American House Senior Living Communities (“American House”) and Harrison Street Real Estate Capital, LLC (“Harrison Street“). Oak Crest Communities is a leading owner and operator of senior living communities in West Michigan, including independent living, assisted living, and memory care. Quarton Partners acted as the exclusive financial advisor to Oak Crest Communities in this transaction.

Charles Schipper, President and CEO of Oak Crest Communities, commented on the sale, “Quarton Partners ran a high-quality, customized process which allowed us to choose a strategic partner that shares our mission of providing industry leading comfort, care and security for seniors in a home-like setting.”

Oak Crest Communities (www.oakcrestcommunities.com), headquartered in Jenison, Michigan, is a premium, owner/operator of high-quality senior living communities in West Michigan. Over the last 35 years, Oak Crest Communities has developed a strong brand for service excellence and well maintained, attractive properties. Oak Crest Communities operates four senior living communities in West Michigan with over 500 units dedicated to independent living, assisted living, and memory care housing and care solutions.

American House (www.americanhouse.com) is one of the Midwest’s largest senior housing companies. With nearly 40 independent living, assisted living and memory care communities, American House offers high-quality housing and care for seniors in Michigan and Florida.

Harrison Street Real Estate Capital (www.harrisonst.com) is a real estate investment management firm based in Chicago, Illinois. Harrison Street was founded in 2005 and has approximately $7.3 billion in assets under management. The firm currently owns more than 30,000 student housing beds, more than 6,800 senior housing/assisted living units, more than 3.6 million square feet of medical office space and more than 36,000 self-storage units.

ABOUT QUARTON PARTNERS

Quarton Partners (www.quartonpartners.com), headquartered in Birmingham, Michigan, is a premier middle market investment banking firm, serving privately held and publicly traded companies, as well as private equity firms. Quarton Partners assists its clients with mergers and acquisitions, private capital raising, restructurings, valuations and other financial advisory services. Its principals have successfully completed hundreds of engagements in a variety of industries across the U.S. and throughout the world.

All securities offered through Quarton Securities, L.P., a member of FINRA and SIPC, and an affiliate of Quarton Partners, LLC.

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SOURCE Quarton Partners