JLL’s Capital Markets division successfully secured a $96.5 million refinancing for a portfolio of five seniors housing properties in Phoenix, Mesa, Sedona and Chandler. The borrowers were Douglaston Development and The Hampton Group Inc.
The recently renovated portfolio consists of 971 units across five communities: 510 independent living units, 339 assisted living units and 122 memory care units. These communities are located in strong senior housing markets where the population aged 75+ makes up nearly one-fifth of the surrounding areas’ total population.
The individual property details are as follows:
– Canyon Winds in Mesa
– Chapparal Winds in Surprise
– Desert Winds in Peoria
– Sedona Winds in Sedona
– Ventana Windsin Youngtown
Leading the JLL Capital Markets Debt Advisory team representing the borrower were Alanna Ellis, Brad Miner and Ace Sudah.
This successful refinancing showcases JLL’s expertise and ability to secure favorable financing for clients within competitive markets such as Phoenix’s senior housing sector.
