JLL Arranges $248.9 Million Refinance For Brookdale Senior Living's 5,027-Unit Senior Housing Portfolio

The transaction involves a refinancing of a senior housing portfolio consisting of 5,027 units, with properties located in various markets including Phoenix, Los Angeles, San Francisco, Denver, Charlotte, Houston, Dallas, and Ft. Meyers. The total loan amount for this refinancing is $248,900,000, backed by a five-year, fixed-rate loan from Fannie Mae.

Summary of transaction details:

• Property Type: Senior Housing
• Transaction Amount: $248,900,000
• Units: 5,027
• Lender: Fannie Mae
• Landlord: Nick Stengle - Brookdale Senior Living
• Broker Representatives: Allison Holland, Alex Sheaffer & William Roberts - JLL
• Loan Type: Refinance
• Loan Terms: Five-year, fixed-rate

JLL Capital Markets facilitated the arrangement of the refinancing for Brookdale Senior Living, focusing on a portfolio that spans 45 properties across 14 states. This refinancing aimed to address one tranche of Brookdale’s existing credit facility and encompasses various types of communities including independent living, assisted living, memory care, and skilled nursing.