News release

$175M financing secured for recapitalization of senior living portfolio across Southeast

JLL Capital Markets arranged financing for six newly constructed seniors housing properties

November 30, 2022

Cierra Lacasse

Hotels & Hospitality and Capital Markets
+ 1602 648 8701

DALLAS, Nov. 30, 2022 – JLL Capital Markets announced today 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 sixth, a second phase to its adjacent sister property, is currently under construction. The highly amenitized communities feature fitness centers, dining rooms, lounge areas, bars, putting greens, outdoor patios, walking paths and more.

The properties are positioned in high-growth markets with strong demographics and forecasted growth in the 65+ population. The communities are near major retail, entertainment, healthcare and professional centers, as well as numerous outdoor activities such as golf courses and country clubs.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Managing Director Allison Holland and Associate Jason Skalko.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.