**JLL and HJ Sims Secure $239.68M Financing for Ativo Senior Housing Portfolio**
JLL and HJ Sims have arranged $239.68 million in tax-exempt and taxable bond financing on behalf of the Integrated Senior Foundation for the Ativo Portfolio, a three-property senior housing portfolio encompassing a total of 430 units. The portfolio includes two communities in Arizona and one in California.
The pair secured fixed-rate financing with a final maturity of 40 years. The financing structure includes $218.25 million in publicly offered tax-exempt senior Series 2025A bonds, $5.92 million in taxable senior Series 2025B bonds, and $15.50 million in tax-exempt subordinate Series 2025C bonds.
In Arizona, the portfolio includes one newly developed community and one recent acquisition. The development project—Ativo of Sundance—is located in Buckeye, while the acquisition, Ativo of Yuma, is located in Yuma.
Slated for completion in 2027, Ativo of Sundance will offer 207 units, including 102 independent living units, 75 assisted living units, and 30 memory care beds. Ativo of Yuma, which was built in 2021, includes 55 assisted living units and 24 memory care units.
**Industry Outlook Event: April 10, 2025**
Industry professionals are invited to attend “The Future of Multifamily, SFR & BTR” on Thursday, April 10, 2025, at The Westin Kierland Resort & Spa in Scottsdale, Arizona. The event will feature insights from key players in Phoenix and Scottsdale’s rental housing markets, including representatives from Mark-Taylor Residential, Trammell Crow Company, U-Haul International, Asset Living, Thorofare Capital, Toll Brothers Apartment Living, Christopher Todd Communities, Radix, Quarterra, and others.
This article originally appeared on Connect CRE.
