A brand-new portfolio of four assisted living/memory care communities gained a new owner, thanks to acquisition financing arranged by Aron Will of CBRE. These communities, featuring 285 assisted living and 155 memory care units, opened in 2016 and 2017 in the Chicago and Kansas City MSAs. And being the highest quality communities in their respective submarkets, they were filling fast, with a favorable lease-up trajectory. Chicago-based CA Ventures developed them and will also maintain an ownership interest in the portfolio, acquiring the communities in a joint venture with a global investment manager. Mr. Will secured a non-recourse, floating-rate loan, with a three-year term and three years of interest-only.
CBRE Finances Midwest Portfolio Purchase
