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
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:
- Property Type: Senior Housing
- Transaction Amount: $725,000,000
- Buyer: Debra A. Cafaro - Ventas
- Seller: Mary Tolan - Chicago Pacific Founders
- Brokers: James Dooley, Jay Wagner, Richard Swartz, Sean Kirk & Ted Flagg - JLL
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
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