CBRE National Senior Housing’s team including Aron Will, Austin Sacco and Matthew Kuronen arranged a recapitalization of four seniors housing communities in Oregon and Montana. The Springs Living owns and operates the portfolio, which includes 209 independent living, 164 assisted living and 31 memory care units. It received a non-recourse, floating-rate loan from a national bank. There was also a five-year term and 18 months of interest only.
McMinnville, Oregon-based The Springs Living is a 25-year-old privately held regional developer/owner/operator with a current portfolio of 18 communities totaling over 2,500 units. There are 13 communities located in Oregon and five in Montana, with one additional community under development in Oregon.
