JLL Capital Markets has successfully arranged a $344.2 million loan through Fannie Mae for the Brookdale Senior Living Portfolio, which includes 47 senior living communities across 14 states. Led by managing director Allison Holland and associate Alex Sheaffer, the Capital Markets Debt Advisory team represented Brookdale Senior Living in securing this seven-year fixed-rate loan under its Master Credit Facility Agreement.
The proceeds from this loan will be used to pay off $312.5 million of variable rate debt that was set to mature in September 2027. The servicing of this new loan will be handled by JLL Real Estate Capital, LLC.
According to JLL, the Brookdale Senior Living Portfolio consists of 5,102 units offering a variety of care options such as independent living, assisted living and memory care units. This diverse mix allows Brookdale Senior Living to cater to seniors with different levels of care needs. Additionally, the portfolio benefits from both geographic diversity and varying property sizes ranging from 32-unit facilities up to more than 300-unit properties.
