BMO’s Healthcare Real Estate Finance group announce that they have closed on a $36.25 million facility for affiliates of Focus Healthcare Partners LLC to finance the acquisition of a 113-unit assisted living and memory care community in Bethesda, Maryland. The facility was originally developed in 2019 and is well located within the dynamic Bethesda submarket. Focus has hired Solera Senior Living to manage the community.
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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