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Alec Burger, president of GE Capital, called the transaction "a positive development" for the company and its stakeholders.
The acquired health care portfolio includes loans and leases to approximately 1,100 hospitals and 3,600 doctors' offices and diagnostic and imaging centers.
Epoch Senior Living operates a number of Bridges memory care communities, including ones in Norwalk and Trumbull.
The Greenwich-based firm is acquiring Norwalk-based GE Capital's Energy Financial Services' Project Finance Debt Business and loan portfolio.
Though GE's exit from Fairfield is expected to have adverse effects on the market, residual pent-up demand from 2015 should help raise leasing activity levels this year.
The deal with Western Alliance Bank is part of General Electric's goal of divesting itself of over $200 billion worth of assets.
GE Capital received the SIFI label in 2013, but according to Chairman and CEO Keith Sherin, the label no longer applies.
Affiliates of Steven Wise Associates LLC have purchased GE Capital's treasury headquarters in Stamford for $17 million, but GE will remain as a tenant.
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