JLL Secures $17.9M Acquisition Loan For Iowa Assisted Living Communities

The loan amount of $17.9 million has been secured by JLL Capital Markets for Vintage Hills of Indianola and Country Meadow Place, two assisted living and memory care communities totaling 118 units in Iowa. The properties are located at 604 East Hillcrest Avenue in Indianola and 17396 Kingbird Avenue in Mason City.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,900,000
• Units: 118
• Market: Indianola & Mason City, IA
• Landlord: Affiliates of Jaybird Senior Living
• Brokers: Alex Sheaffer & Jeff Lepley - JLL
• Loan Type: Acquisition

Alex Sheaffer and Jeff Lepley from JLL were the brokers who facilitated the acquisition financing for Vintage Hills of Indianola and Country Meadow Place. These two assisted living and memory care communities serve as crucial assets in the Iowa region.