JLL recently handled two separate financings in Arizona/California and Minnesota. First, JLL and HJ Sims arranged $239.68 million in tax-exempt and taxable bond financing for the Integrated Senior Foundation – Ativo Portfolio, a three-property seniors housing portfolio totaling 430 units in Arizona and California.
Due for completion in 2027, Avito of Sundance will offer 207 units (102 independent living units, 75 assisted living units and 30 memory care beds) in Buckeye, Arizona. Built in 2021, Ativo of Yuma comprises 55 assisted living and 24 memory care units in Yuma, Arizona. Scheduled for completion in 2026, Avito of Santa Clarita will feature 144 units (51 independent living, 85 assisted living and 28 memory care beds) within the Sand Canyon Plaza master-planned community in Santa Clarita, California.
On behalf of Integrated Senior Foundation, JLL’s Seniors Housing Capital Markets team, in collaboration with the bond underwriting team of HJ and JLL Securities, secured fixed-rate financing with a final maturity of 40 years. The financing consisted of $218.25 million of publicly offered tax-exempt senior series 2025A bonds, $5.92 million of taxable senior series 2025B bonds and $15 million of tax-exempt subordinate 2025C bonds.
Next, JLL Capital Markets secured a $33.24 million financing for an active adult community in Maple Grove, Minnesota. Built in 2023, Risor of Maple Grove comprises 169 units across four stories. The community offers a mix of studios, one- and two-bedroom units.
Scott Loving, Scott Streiff, Gary Marchiori and Will Hintz of JLL worked on behalf of the borrower, Roers Companies, to originate the five-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital.
