JLL Capital Markets arranged a $96.5 million refinancing for a seniors housing portfolio in Arizona. JLL worked on behalf of the borrower, Douglaston Development and The Hampton Group Inc., to secure the bank financing. The JLL Debt Advisory team representing the borrower was led by Alanna Ellis, Brad Miner and Ace Sudah.
Built between 2021 and 2024, the portfolio comprises five properties with 510 independent living, 339 assisted living and 122 memory care units in the Phoenix, Mesa, Sedona and Chandler MSA’s. The communities are in strong seniors housing submarkets, where the 75+ population represents almost 20% of the population in the surrounding areas, and include Canyon Winds (Mesa), Chaparral Winds (Surprise), Desert Winds (Peoria), Sedona Winds (Sedona) and Ventana Winds (Youngtown).
