BMO’s Healthcare Real Estate Finance group announces that it has closed on a $58 million term loan with IRA Capital related to a 253-unit senior housing community located in Lynnwood, Washington. The property consists of independent living, assisted living and memory care units. Living Care Lifestyles manages the assets on behalf of ownership.
IRA Capital, a Southern California based private equity firm founded in 2010, invests in commercial real estate assets throughout the United States with focus on healthcare real estate. Headquartered in Irvine, California, IRA has acquired over ten million square feet of property in 26 states, with a total capitalization greater than $3.5 Billion. To learn more, visit www.iracapital.com.
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
