KMF Launches Senior Generation Fund

August 1, 2007 - Chicago based KMF Senior Housing Investors has begun marketing the KMF Senior Generation Fund that will acquire a diverse portfolio of senior housing assets. The fund is targeting $300 million of equity, which will be used to invest in $850 million of properties. Leverage of up to 65% will be utilized. Senior housing assets will include a combination of independent, assisted, CCRC and skilled nursing communities.

The majority of investments will consist of existing assets although redevelopment, renovation and repositioning opportunities will be actively sought. The fund will invest both on a direct and venture basis, utilizing established operators. Investments will be sought on a nationwide basis. The firm and its principals have acquired over $2 billion of senior housing assets over the last five years.