More than 80 per cent of the voting power of ALC’s common stock backed the sale to the buyout house for $12 per class A share and $12.90 for each class B share.
The deal had previously been unanimously approved by the company’s board of directors.
ALC and its subsidiaries operate 210 senior living residences comprising more than 9,300 resident units across 20 states.
The deal is expected to be completed in the summer.
Earlier this year fellow private equity giant The Carlyle Group acquired Monarch Place Piedmont, a 149-unit assisted living community in Oakland, California.
Equity for the investment came from the firm’s dedicated $2.25bn real estate investment fund, Carlyle Realty Partners VI.
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