JLL arranged a $52 million refinancing for Atria Newport Beach, a 168-unit senior living community in the Newport Beach enclave of Orange County, California. The Class-A asset was built in two phases with the north building fully renovated in 2023, while the south building was purpose-built and opened in 2021. The three-story buildings are home to independent living, assisted living and memory care units.
The borrower is a partnership between a national REIT and Atria Senior Living. MidCap Financial provided the floating-rate first mortgage loan. Aaron Rosenzweig and Dan Baker handled the transaction.
