CBRE arranged a refinancing of a six-property seniors housing portfolio on behalf of a joint venture between Monarch Alternative Capital LP and REDICO. American House Senior Living Communities, an affiliate of REDICO, will continue to manage the portfolio.
Aron Will and Adam Mincberg originated a $154.5 million loan, marking CBRE’s second financing of this portfolio within a three-year time span. Marathon Asset Management, a New York-based lender focused on creative capital solutions, provided the loan.
The portfolio comprises six purpose-built communities encompassing 817 total units (409 independent living, 306 assisted living and 102 memory care) in performing Florida markets experiencing positive macroeconomic trends.
