Canyon Partners Real Estate provided a $47 million senior loan to refinance American House Oak Park, a 174-unit seniors housing community in Chicago. Affiliates of AEW Capital Management and REDICO were the joint venture borrowers. Newmark arranged the financing.
Located in the Oak Park neighborhood, the property comprises 74 independent living, 65 assisted living and 35 memory care units. Amenities at the community include a rooftop lounge, roof terraces, a fitness center, salon, game room, art studio and theater.
