JLL has successfully arranged $39.98 million in acquisition financing for a portfolio of three senior housing communities located in Eugene and Springfield, Oregon. The financing was secured on behalf of a local operator by JLL’s Seniors Housing Capital Markets team, led by Senior Director Alanna Ellis and Associate Alex Sheaffer.
The three-year, floating-rate regional bank financing will be used to acquire the properties: Evergreen Senior Living, Timber Pointe and Woodside Senior Living. These properties offer a total of 344 units including 43 independent living units, 245 assisted living units and 56 memory care units. Built between 1996 and 2006, all three properties underwent full renovations in 2021.
Ellis expressed excitement about working with the borrower to secure favorable financing for this valuable addition to their portfolio. This successful transaction showcases JLL’s expertise in arranging strategic financial solutions for clients within the seniors housing market.
