Financial

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 …

SAN FRANCISCO, CA—JLL Capital Markets announced today that it has closed the $39.2 million sale of Cortona Park, an assisted living community in Brentwood, California. JLL represented the seller, Northwestern Mutual, in the sale of the asset to a joint venture between Cogir and a national investment partner. Cogir will …

Mesa West Capital has provided a joint venture led by SRM Development with $67 million in short-term, first mortgage debt to refinance Westmont of Milpitas, a recently opened 199-unit senior housing community in the Silicon Valley community of Milpitas, CA. Developed by SRM, Westmont of Milpitas was completed in late …

Sonida Senior Living, Inc. (NYSE: SNDA), (the “Company” or “Sonida Senior Living”) one of the nation’s leading senior living owner-operators, announced that it has entered into a term loan agreement to refinance certain existing mortgage debt. The transaction includes an initial term loan of $80 million and up to $50 …

Brookdale Senior Living Inc. (NYSE: BKD) reported today its consolidated occupancy for February 2022. February was the fourth consecutive month of positive year-over-year weighted average occupancy growth since the pandemic began. Achieved positive net move-ins and move-outs (MIMO) in February for first time since 2014 while weighted average occupancy held relatively flat …

JLL Capital Markets announced today that it has closed $145 million in acquisition and capital improvement financing for two seniors housing portfolios. The first portfolio includes six properties throughout the Northeast, and the second comprises nine properties in the Southeast. JLL worked on behalf of the borrowers, Sculptor Real Estate …

Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today its results for the three-month period ended December 31, 2021, and for the year ended December 31, 2021. In this document, “Q3” refers to the three-month period ended September 30; “Q4” refers to the three-month period ended December 31; “2021” refers to …

Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced its financial results for the three months and year ended December 31, 2021 and provided an update on its growth and expansion initiatives. The Consolidated Financial Statements and accompanying Management’s Discussion and Analysis (“MD&A”) are available on the …