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JLL Arranges $145M in Acquisition Financing for 15-Community Portfolio Throughout the East

NEW YORK CITY — JLL Capital Markets has arranged $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 and its operating partners, to secure two separate nonrecourse loans, one for each portfolio, through national banks. Each loan was fully underwritten without a syndication requirement. Additionally, JLL represented the undisclosed seller in the marketing and sale of the portfolios.

For the Northeast portfolio, which includes properties in New York, Connecticut and Maryland, Sculptor partnered with Peregrine Senior Living. Sculptor partnered with Vitality Living for the Southeast portfolio, consisting of properties in Florida, Kentucky and Alabama.

Joel Mendes, Keith Largay and Jason Skalko led the JLL Capital Markets Debt Advisory team representing the borrower. Ted Flagg and Mike Garbers led the JLL Capital Markets Investment Sales and Advisory team that represented the seller.

The post JLL Arranges $145M in Acquisition Financing for 15-Community Portfolio Throughout the East appeared first on Seniors Housing Business.

Source: Senior Housing Business

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