JLL Capital Markets has successfully obtained a $344.2-million loan from Fannie Mae for the Brookdale Senior Living Portfolio, which includes 47 senior living communities spread across 14 states. The deal was facilitated by JLL’s Capital Markets Debt Advisory team, led by managing director Allison Holland and associate Alex Sheaffer, on behalf of Brookdale Senior Living.
The seven-year fixed-rate loan was secured under the Master Credit Facility Agreement with Fannie Mae and will be serviced by JLL Real Estate Capital LLC. The funds were used to pay off $312.5 million in variable rate debt that was due in September 2027.
According to JLL, the portfolio consists of 5,102 units offering various 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 a range of property sizes ranging from 32 units to over 300 units.
