$51.8M financing secured for seniors housing community in Albuquerque
JLL Capital Markets arranged construction financing for the 144-unit Ativo of Albuquerque
SEATTLE, Jan. 11, 2023 – JLL Capital Markets announced today 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, New Mexico.
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 studio 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 card room. Furthermore, the property will feature numerous activities, including shuffleboard, bocce ball and 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 Place 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 and various parks along with the Petroglyph National Monument and an 18-hole golf course.
The JLL Capital Markets Debt Advisory team was led by Director Alanna Ellis.
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.
About Link Senior Development, LLC
Link Senior Development is a vertically integrated senior living real estate development, investment, and operations group based in Salem, Oregon. Link supplements more than 100 years of collective senior living experience with a comprehensive technology and analytics-first-based operations approach. Link has a significant development and acquisitions pipeline with more than $500 million in senior living projects in the works across several Western states. For more information on Link, visit LinkSeniorDevelopment.com.