BWE arranged acquisition financing for a seniors housing community in Carlsbad, California. Ryan Stoll and Taylor Mokris led the financing effort on behalf of Harrison Street. Following a competitive marketing process, the sponsor obtained a 10-year, fixed-rate loan with a full term of interest-only payments from a national life insurance company.
Oakmont Santianna comprises 153 independent living, assisted living and memory care units. Originally developed and leased-up by Oakmont Management Group, the property opened in 2022 and will continue to be operated by Oakmont post-acquisition. Since stabilizing, the community has demonstrated strong performance, currently operating at 95%+ occupancy. Oakmont manages more than 90 communities nationwide and currently operates 23 properties in partnership with Harrison Street.
