Caddis Receives $108M Refinancing for Six Heartis Communities in Texas, Illinois

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DALLAS — Caddis, a national healthcare real estate firm headquartered in Dallas, has received loans totaling $108 million to refinance a portfolio of six Heartis-branded seniors housing communities in Illinois and Texas.

KeyBank provided the capital for the 642-unit assisted living and memory care portfolio, which includes Heartis Arlington, Heartis Clear Lake, Heartis Longview, Heartis Peoria, Heartis San Antonio and Heartis Waco. All communities are located in Texas, with the exception of Heartis Peoria, which is in Illinois.

Grant Saunders and Jay Jordan of KeyBank’s Healthcare Group arranged the financing. 

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