173-unit community in Bergen County, New Jersey, offers independent living, assisted living and memory care
BOSTON – AEW Capital Management, L.P. (“AEW”) announced the acquisition of Allegro Harrington Park, a 173-unit, Class A seniors housing community in Harrington Park, New Jersey. JLL Capital Markets represented the seller, PGIM, and arranged a five-year acquisition loan for AEW with a life insurance company. Allegro will remain the community’s operator and joint venture partner.
“Allegro Harrington Park is a premier seniors housing community in a highly desirable market, and weare pleased to add this asset to our portfolio,” said Sara Cassidy, Head of Portfolio Management and Senior Portfolio Manager at AEW. “We believe its quality, location and operating partnership make it a compelling long-term investment.”
Allegro Harrington Park offers a continuum of care encompassing independent living, assisted living and memory care, with studio, one-bedroom and two-bedroom residences. The four-story community is situated on a lakefront peninsula with waterfront views on three sides.
Resident amenities include five dining venues, wellness areas, a movie theater, art studio, salon and spa, library, garden room and indoor-outdoor pool. The property also features surrounding walking paths and a central courtyard with a fire pit and full outdoor kitchen.
Located at 200 Old Hook Road on a 9.2-acre site, the community is in northeastern New Jersey, acrossthe Hudson River from New York City.
About AEW
For 45 years, AEW Capital Management, L.P. (“AEW”) has provided real estate investment management services to investors worldwide. As one of the world’s largest real estate investment advisors¹, AEW and its affiliates manage $83.7 billion in private real estate equity, debt and listed securities across North America, Europe and Asia, as of June 30, 2026. Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk-return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.
¹Source: “2026 IREI.Q Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2025. As of June 30, 2026. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $83.7 billion includes $39.7 billion in assets managed by AEW Europe and its affiliates, $2.8 billion in regulatory assets under management of AEW Capital Management, L.P., and $41.2 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice. These figures are subject to minor variations due to rounding. Exact figures are available upon request.