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

Property Image
SOLD
$725,000,000
Richard (Rick) Swartz
Jay Wagner
+ 2

New York

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Senior Housing
Sold 11/04/2024
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Property Image
SOLD

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

Senior Housing
Sold 11/04/2024
Richard (Rick) Swartz
Jay Wagner
+ 2
Contact now

Summary

Asset Type:Senior Housing
Transaction Type:Sale

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
11 deals$1.5B volume(617) 204-5911
BROKER

Richard (Rick) Swartz
JLL
10 deals$996.5M volume
BROKER

James (Jim) Dooley
JLL
5 deals$822.5M volume(212) 376-4003
BROKER

Ted Flagg
JLL
2 deals$754M volume(917) 215-7036
BROKER

Sean Kirk
JLL
3 deals$770M volume
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: James Dooley, Richard Swartz, Debra A. Cafaro, Mary Tolan, Ted Flagg, Jay Wagner & Sean Kirk DATE: 11/04/2024 ADDRESS: Senior Housing Portfolio MARKET: Alabama, Arizona, Florida, Illinois, Kansas, Maine, Michigan, Nevada, New York, Ohio, Oklahoma, South Carolina, Tennessee & Texas ASSET TYPE: Senior Housing BUYER: Debra A. Cafaro - Ventas SELLER: Mary Tolan - Chicago Pacific Founders BROKERS: James Dooley, Jay Wagner, Richard Swartz, Sean Kirk & Ted Flagg (@TedFlagg) - JLL (@JLL) SALE PRICE: $725,000,000 NOTE: JLL arranged the $725M recapitalization of a 20-property senior housing portfolio, facilitating its sale from Chicago Pacific Founders to Ventas in an all-cash transaction.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$38,666,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,575,771.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,436,869.88
Annual Debt Service$41,242,438.53