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Updated Dec 4, 2024

Debra A. Cafaro Of Ventas Acquires Senior Housing Portfolio From Mary Tolan Of Chicago Pacific Founders For $725M
SOLDSenior Housing

Debra A. Cafaro Of Ventas Acquires Senior Housing Portfolio From Mary Tolan Of Chicago Pacific Founders For $725M

$725,000,000

Building Size

—

Asset Type

Senior Housing

Closing

Nov 4, 2024

About this deal

AI

The property involved in this transaction is a senior housing portfolio consisting of 20 properties located across various markets, including Alabama, Arizona, Florida, Illinois, Kansas, Maine, Michigan, Nevada, New York, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. The transaction was valued at $725,000,000 and was executed as an all-cash sale.

Summary of transaction details:

The deal was arranged by JLL, which facilitated the recapitalization of the portfolio, enabling the sale from Chicago Pacific Founders to Ventas. This transaction underscores the involvement of prominent individuals in the real estate brokerage sector, showcasing their role in achieving the agreement.

Players

Jay Wagner

JLL

Broker

$1.7B

vol

14 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage
Bilt advertisement

Market Senior Housing Market Snapshot

Boundary boundary · Senior Housing · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.02%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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