CBRE National Senior Housing’s Aron Will, Austin Sacco and Adam Mincberg partnered with CBRE Sacramento’s Kevin Randles to arrange acquisition financing for Arbor Senior Living on behalf of Ray Stone, Inc. (RSI).
The two-story, 76,000 square foot Lodi, California community was opened in 1986 and is sited on a three acre lot, comprising 96 independent living units. It has been a high-performing asset in the past and has consistently produced meaningful cash-flow and maintained high occupancy levels.
CBRE originated a $8.4 million fixed-rate loan through its Freddie Mac OPTIGO lending program. Post-closing, Sacramento-based RSI will operate the community. They also operate several other senior living communities in similar markets within California. Rob Reis of Marcus & Millichap handled the transaction on behalf of the seller.
