Brookdale Receives $344.2m Financing For Seniors Housing Portfolio

BRENTWOOD, Tenn.  — Brookdale Senior Living has received a $344.2 million loan to refinance a seniors housing portfolio. The portfolio comprises 47 communities across 14 states. 

Tennessee-based Brookdale has used the proceeds to repay $312.5 million of variable-rate debt due September 2027. Allison Holland and Alex Sheaffer of JLL Capital Markets secured the seven-year, fixed-rate financing on behalf of Brookdale under JLL’s master credit facility agreement with Fannie Mae. JLL Real Estate Capital LLC will service the loan. 

Totaling 5,102 units, the portfolio features independent, assisted living and memory care residences. 

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