ORIX Corporation USA secured a bond financing to support the acquisition of five seniors housing communities in the Minneapolis, Minnesota metro area. The transaction consisted of both tax-exempt and taxable debt and totaled $44.8 million. Coventry Properties of Minnesota, a fully integrated real estate development community that focuses on high-acuity seniors housing in Minnesota, was the borrower, adding 153 units of assisted living and memory care to its portfolio.
ORIX’s Municipal and Infrastructure Finance business, which is led by Rob Wetzler, handled the transaction.
