CBRE arranged acquisition financing for The Vitality Living Nashville Portfolio, featuring two assisted living communities in Tennessee. The buyer was a joint venture between Winterpast Capital Partners, Scribner Capital and its institutional partner, and Broadview Real Estate Partners. Aron Will, Tim Root and Michael Cregan of CBRE National Senior Housing arranged the financing. Vitality Living, Winterpast’s wholly-owned operating platform, will operate the communities under a third-party management agreement.
Located within two high-growth suburbs of Nashville, Vitality Living Franklin and Vitality Living Hendersonville offer a combined 256 assisted living and memory care units. CBRE originated a $32.2 million, three-year acquisition loan featuring two years of interest only to effectuate the acquisition through a regional bank.
