Clarion Partners Real Estate Income Fund announced the acquisition of Vitality Living Franklin, a 126-room senior living community located in Franklin, Tennessee, a fast-growing suburb just outside Nashville. The property, which is 99.2% leased as of January 2026, adds to the fund’s growing healthcare and senior housing portfolio.
The community was originally built in 2014 and underwent renovations in 2023. It provides both assisted living and memory care services and is situated roughly three miles from Williamson Medical Center. Residents also have access to nearby retail, restaurants, houses of worship, grocery stores, and outdoor amenities such as parks, golf courses, and greenway trails. The property is pet friendly and designed to support a vibrant residential community for seniors.
Vitality Living, a Nashville-based senior living operator with more than 35 communities across the Southeastern United States and Texas, will continue to operate the property. The company has been responsible for the asset’s operational performance and occupancy and will maintain day-to-day management under the new ownership structure.
Clarion Partners said the investment reflects its strategy of focusing on healthcare real estate assets supported by strong demographic trends and long-term income visibility. Senior housing remains a high-conviction sector for the firm due to aging population dynamics and the mission-critical nature of care facilities.
Clarion Partners is a real estate investment manager with more than $73 billion in real estate and debt assets under management and serves over 500 institutional investors globally. The firm operates offices across the United States and Europe and offers real estate investment strategies across the risk and return spectrum.
Vitality Living focuses on creating community environments for seniors that emphasize resident engagement, hospitality-driven services, and team member culture. Its operating platform centers on data-driven performance management, clinical quality, and resident experience.
The acquisition represents approximately 3.65% of the overall holdings in the Clarion Partners Real Estate Income Fund portfolio as of February 6, 2026.
KEY QUOTES
“The Vitality Living team has done a remarkable job managing the asset. We are excited to enter into this new relationship with Vitality through the acquisition of this strong-performing asset in a high-growth market with strong fundamentals.”
Jane Zhu, Senior Vice President of Healthcare Transactions, Clarion Partners
“We are proud of the performance our team has delivered in Franklin and the vibrant community they have built for residents and families. This partnership with Clarion Partners reflects the strength of our operating platform and our shared confidence in the long-term fundamentals of this market. We look forward to continuing to drive results while staying deeply focused on creating an exceptional experience for our residents and meaningful engagement for our team members.”
Chris Guay, CEO, Vitality Living
