BMO’s Healthcare Real Estate Finance group announce that they have closed on a $34 million facility for affiliates of Focus Healthcare Partners LLC to finance the acquisition of Novel Place at Overland Park, a 109k SF, 134-unit independent living community in Overland Park, Kansas, and Novel Place at Blue Springs, a 109k SF, 134-unit independent living community in Blue Springs, Missouri. The facilities were each originally developed in 2020 and are well located within their respective communities. Focus has hired Evolve Senior Living to manage the communities.
Founded in 2009, Focus Healthcare Partners LLC is a private real estate investment management firm headquartered in Chicago, Illinois. The firm targets senior housing and healthcare real estate investments on behalf of institutional and private investors. The investment was made on behalf of Focus Senior Housing Fund II LP, a fully discretionary comingled investment vehicle that is supported by public pension plan investors, university endowment funds, public insurance companies, and other well respected institutional limited partners.
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