CHICAGO and KANSAS CITY, Mo. — CBRE has arranged acquisition financing for four seniors housing communities totaling 440 units in Chicago and Kansas City. The amount of the loan was not disclosed.
The borrower is a joint venture between CA Ventures, which also developed the properties, and a global investment manager.
Of the 440 units in the portfolio, 285 are for assisted living and 155 are for memory care. All four communities were opened within the last two years.
Aron Will of CBRE National Senior Housing secured a non-recourse, three-year, floating-rate loan with 36 months of interest-only payments.