CBRE secured bridge financing for four seniors housing communities on behalf of CPF Living Communities, which has 51 communities under ownership, totaling 6,537 units across 18 states. The communities are currently managed by Grace Management, CPF’s wholly owned management affiliate. Aron Will and Tim Root secured a large loan through a national bank.
The four communities are Acacia Springs (Las Vegas, Nevada MSA), Camellia at Deerwood (Jacksonville, Florida MSA), Northgate Park (Cincinnati, Ohio MSA) and Sedgwick Plaza (Wichita, Kansas MSA). The portfolio totals 329 independent living units, 281 assisted living units and 16 memory care units.
