Prudential Real Estate Investors (PREI)is a private real estate firm owned by Prudential Insurance, paid $110 million for three assisted living facilities, two of which are in Tennessee: Hendersonville, with 130 units built in 2012 and Franklin, with 126 units built in 2014. The Connecticut community is in Glastonbury with 135 units built in 2014. All three offer assisted living and memory care, and have a combined 341,000 square feet. Hearth Management, which previously owned the properties through a joint venture partnership, has been retained as the managery.
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