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CBRE Arranges $220M Refinancing for Brookdale Portfolio

DALLAS — CBRE National Senior Housing has arranged a refinancing of a seniors housing portfolio on behalf of Brookdale Senior Living Inc.

The portfolio comprises 24 communities with 2,377 total units that include 720 independent living units, 1,205 assisted living units, 386 memory care units and 66 skilled nursing units located across 12 states.

Aron Will and Matthew Kuronen of National Senior Housing arranged the financing.

A syndication between Capital One National Association and Synovus Bank provided he three-year, $220 million, floating-rate loan. The debt carries a variable interest rate of 2.45 percent over SOFR, and features interest-only payments for the first three years.

Based in Brentwood, Tennessee, Brookdale is the largest operator of seniors housing in the country, with a total of more than 55,000 units. It is also the third largest owner, with more than 30,000 units.

The post CBRE Arranges $220M Refinancing for Brookdale Portfolio appeared first on Seniors Housing Business.

Source: Senior Housing Business

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