JLL Capital Markets arranged acquisition financing for three seniors housing communities in the greater Minneapolis-St. Paul MSA. The borrower, represented by JLL, was an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to manage the communities for Inland, and this transaction expands their relationship to four communities together.
The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. Built in the past 10 years and demonstrating strong operations, they consist of 321 units total, with 223 dedicated to independent living/assisted living and 98 to memory care.
The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Director Sam Dylag, Associate Jack Griffin, Managing Director Jeff Lepley, Associate Alex Sheaffer and Senior Managing Director Elliott Throne.
