JLL Capital Markets arranged the acquisition financing of three properties, totaling 321 units
BOSTON, Jan. 2, 2024 – JLL Capital Markets announced today that it arranged the acquisition financing of three independent, assisted living and memory care communities in the greater Minneapolis-St. Paul MSA.
JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to manage the communities for Inland and this transaction expands their relationship to four communities together.
The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. The three properties consist of 321 units total, with 223 dedicated to independent living/assisted living and 98 to memory care. The properties were constructed in the past 10 years and have demonstrated robust performance.
The seniors housing assets within the portfolio offer a wide range of amenities and services designed to cater to the evolving needs of the aging population. Proximity to medical facilities, an array of social and recreational activities and high-quality care services have positioned these properties as a top choice for seniors seeking an enriched lifestyle in the twin cities.
The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Director Sam Dylag, Associate Jack Griffin, Managing Director Jeff Lepley, Associate Alex Sheaffer and Senior Managing Director Elliott Throne.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Contact: Alli Stent, Public Relations
Phone: +1 330 329 6750
Email: Alli.Stent@jll.com
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