Financial

SEATTLE, WA—JLL Capital Markets announced earlier this week that it has arranged $61 million in construction financing for the development of The Preserve at Spring Creek, a 230-unit assisted living, memory care and independent living community in Garland, TX, which is a suburb of Dallas. JLL worked on behalf of …

COSTA MESA, CA—The Mogharebi Group (TMG), on behalf of ROEM Development, has arranged the $41.25 million sale of a two-property, 118-unit senior affordable housing portfolio in San Jose, California. Built in 2001 and 2003 by ROEM, Monte Vista Gardens Senior 1 and 2 have a total of 118 units across …

NORWALK, CT—A senior living community is making an impact for an important cause, and this time it’s through the sights and sounds of the King of Rock ‘n’ Roll. On Thursday, September 15, Bridges by EPOCH at Norwalk will host its Paint the Night Purple fundraising event to benefit the …

ORLANDO, FL—JLL Capital Markets announced yesterday that it has arranged $37.75 million in financing for The Glades at ChampionsGates, a luxury 223-unit senior living community in the Orlando suburb of ChampionsGate, Florida. JLL worked on behalf of the borrower, Fortress Investment Group, to secure the four-year, floating-rate, non-recourse loan through …

LITTLE EGG HARBOR, NJ—Last month, Seacrest Rehabilitation & Healthcare Center donated a wheelchair beach buggy to Little Egg Harbor Township. The community-supported initiative, dubbed “Operation Toes in the Sand,” was the brainchild of Sara Kohn, regional director of network development for the skilled nursing facility. “I was streaming through local news …

PHOENIX, AZ—JLL Capital Markets announced earlier this week that it has arranged a $10.572 million refinancing for Countryside Living, a 40-unit, 42-bed, newly-built assisted living and memory care community in Queen Creek, Arizona. JLL worked on behalf of the borrower—a venture between American Care Concepts and private investors—to originate the …

CATONSVILLE, MD—The leaderships of Meadow Park Rehabilitation & Healthcare Center and Marquis Health Consulting Services recently celebrated the completion of a $5 million renovation and modernization of the 120-bed Catonsville skilled nursing facility. The invitation-only event brought together dignitaries, care team members and healthcare colleagues for a ribbon cutting; highlights …

SEATTLE, WA—JLL Capital Markets announced earlier this week that it has arranged a $29.576 million refinancing for Mirror Lake Village, a 114-unit, 138-bed independent living, assisted living and memory care community in Federal Way, Washington. JLL worked on behalf of the borrower, Mirror Lake Village LLC, to secure the financing …

CLEVELAND, OH—JLL Capital Markets announced last week that it had arranged a $73.6 million refinancing for two newly built, luxury seniors housing communities totaling 328 units in North Olmsted and North Royalton, Ohio. Both properties offer independent living, assisted living and memory care units. JLL worked on behalf of the …

ALEXANDRIA, VA—Goodwin Living™ announced earlier this week that it has completed a refinancing of its capital sources. The move, which takes advantage of opportunities to reduce its debt service expenses, involves $122.5 million. “Goodwin Living has a long history of strong financial stewardship, from how we structure our financing to …