Capital One Provides Loans Totaling $551M for Kayne Anderson’s Acquisition of Sentio

BOCA RATON and ORLANDO, Fla. — Capital One has provided two loans — a $251 million bridge loan and a $300 million Freddie Mac seniors housing revolving credit facility — to Kayne Anderson Real Estate Advisors (KAREA). The loans will be used toward the planned $825 million acquisition of Sentio Healthcare Properties.

The merger between KAREA, a Boca Raton-based private equity firm, and Sentio, a non-traded REIT based in Orlando, was announced in May.

Since September 2013, KAREA has invested in 73 private-pay senior living communities. Representing more than $2.6 billion in transaction value, these acquisitions made KAREA, at the time of the Sentio purchase, the 27th largest owner of seniors housing in the United States, according to Capital One.

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