$51.8M Financing Secured for Seniors Housing Community in Albuquerque
SEATTLE, WA—JLL Capital Markets announced earlier this week that it has arranged $51.8 million in construction financing for the development of Ativo of Albuquerque, a three-story, 144-unit senior living community in Albuquerque, NM.
JLL represented the borrower, Link Senior Development, LLC, in securing the financing.
Once completed, Ativo of Albuquerque will offer 144 units in a mix of independent living, assisted living and memory care units ranging from studios to two-bedroom units. Community amenities will include a grand entry, two-story dining room, private dining for special events, a variety of dining options, billiards room, salon, theater room with in-theater dining and a card room. Furthermore, the property will feature numerous activities, including shuffleboard, bocce ball, pickleball courts and a five-hole mini golf course. Additionally, there will be a second-story club room with a large outdoor patio, pet park, fitness center, outside grills with fire pits and facility town car.
Situated on 6.5 acres at 4500 Quacker Heights Pl. NW, Altivo of Albuquerque will be adjacent to a new ambulatory urgent care center and a medical office building. The community will benefit from the nearby Rio Grande river and recreation area, which offers an expansive network of walking trails, various parks, the petroglyph national monument, and an 18-hole golf course.