JLL Capital Markets has successfully arranged financing for a portfolio of three senior living communities in the Minneapolis-St. Paul area. The borrower, an affiliate of The Inland Real Estate Group of Companies, was represented by JLL.
The Waters Senior Living will continue to manage these communities as part of their partnership with a total of four locations now under their management. This portfolio includes The Waters of Edina, The Waters on 50th and The Waters at Plymouth, totaling 321 units.
Leading the JLL Senior Housing Capital Markets team were Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig along with Director Sam Dylag, Associate Jack Griffin and Managing Director Jeff Lepley. Also involved were Associate Alex Sheaffer and Senior Managing Director Elliott Throne.
These properties have been built within the last decade and have shown strong performance due to their convenient location near medical facilities, recreational activities and top-notch services in the twin cities area.
