Linchris Capital Partners LLC Acquires Property At 80 W Broadway Long Beach With Jeffrey Davis As Seller's Rep

The transaction involves the sale of the property located at 80 W Broadway, Long Beach, NY, 11561, within the Long Beach market. The property was previously utilized as a seniors housing facility before its conversion to a hotel in 2009, and it offers various amenities for guests.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not disclosed
• Address: 80 W Broadway, Long Beach, NY, 11561
• Market: Long Beach
• Seller's Representative: Jeffrey Davis
• Buyer: Linchris Capital Partners LLC
• Square Footage: 0

JLL played a significant role in this transaction, negotiating the sale on behalf of the seller, Stabilis Capital Management LP. The team, including Jeffrey Davis, K.C. Patel, Nikhil Chuchra, and Desmund Delaney, facilitated the deal. Additionally, Greg Labine and Martha Nay of JLL arranged fixed-rate acquisition financing for the buyer, Linchris Capital Partners LLC.