Financial

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 …

NEWARK, DE—Kendal Charitable Funds awarded Academy of Hope Adult Public Charter School with the 2022 Promising Innovations Grant for $50,000. Every year, Kendal Charitable Funds—the charitable arm of senior living and aging service provider, The Kendal Corporation—seeks to put out a Request for Proposals focusing on a specific topic, and …

MARION, OH—More than $9,000 in grants have been awarded to four Dayton area nonprofit organizations to help fund programs aimed at addressing loneliness and social isolation. The grant was established after multiple Miami Valley community organizations, including presenting sponsor United Church Homes, came together to sponsor the Ohio premiere of …

DALLAS, TX—JLL Capital Markets announced last week that it has arranged a $175 million refinancing for a six-property seniors housing portfolio totaling 821 units across the southeast. The portfolio offers a mix of independent living, assisted living and memory care units. Five of the properties are recently completed, and the …

MORRISTOWN, NJ—JLL Capital Markets announced earlier this week that it has closed the $29.9 million sale of Royal Pines at Marlboro, an 89-unit 55+ multi-housing community in Englishtown, NJ. JLL represented the seller—a joint venture between GRJ and Castellan Real Estate Partners—in the sale to F.M. Ferrari Investments. Royal Pines …

ALEXANDRIA, VA—Goodwin Living, a not-for-profit, faith-based, regional senior living and health care services organization in the National Capital Region, announced that it has received a grant of $324,907.73 from the Centers for Medicare and Medicaid Services’ (CMS) Civil Monetary Penalties (CMP) Reinvestment program to extend their brain health program, StrongerMemory, to residents …

We’ve all been told to give back when and where we can. One senior living community has decided to incorporate giving back into their programming by hosting several charity events to raise money. But these fundraising efforts didn’t start when the community first opened; they started before that. Bridges by …

MARION, OH—United Church Homes (UCH) is pleased to announce its collaboration with Miami University’s Scripps Gerontology Center in Oxford, OH, through a National Institute on Aging grant to test the feasibility of a positive psychological intervention in older adults living with dementia. Katy Abbott, Ph.D., MGS, executive director of the …

IRVINE, CA—Asland Capital Partners, a private real estate investment firm specializing in multifamily and mixed-used investments; Fairstead, a purpose-driven, vertically-integrated real estate company; women- and minority-owned real estate platform iimpact Capital; global real estate manager Nuveen Real Estate; and Innovative Housing Opportunities (IHO) announced earlier this week the acquisition of …

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 …