News Release: Just Closed – Senior Housing JV Equity and Debt

Cadence Capital Partners Healthcare Real Estate Group secures debt & equity capital for senior housing development

Cadence Capital partners is pleased to announce the closing Of the joint venture equity and construction financing for the development of a Class A, 165-unit, independent, assisted, and memory care community in St. Petersburg, Florida. Cadence worked on behalf of Prevarian Senior Living, a Dallas-based sponsor, to secure an institutional LP equity partner and construction financing from a national bank.

Cadence connects capital providers to capital users

Michael Bennett

Managing Principal

312.882.2200

mbennett@cadencerec.com

John Heitmann

Vice President

847.323.0312

jheitmann@cadencerec.com

Mike Janus

708.310.5691

mjanus@cadencerec.com

 

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