CBRE Arranges Acquisition Financing for Four-Property Portfolio in Indiana, Kentucky

INDIANAPOLIS and LOUISVILLE, Ky. — CBRE has arranged an undisclosed amount of acquisition financing for a joint venture between LCS Real Estate and TH Real Estate. The borrowers will use the funds to acquire four seniors housing properties in the Louisville and Indianapolis metro areas.

The properties are part of a larger, seven-property portfolio that the joint venture is acquiring. Although the properties are all branded Magnolia Springs Senior Living, LCS has served as third-party manager since 2015.

The four communities feature a combined 278 units of assisted living and 82 units of memory care.

This transaction represents one of the first large-scale investments for the joint venture. CBRE Capital Advisors Inc., in conjunction with the CBRE National Senior Housing Team, acted as the exclusive financial advisor to LCS Real Estate for the $300 million capital raise.

Aron Will of CBRE National Senior Housing arranged the seven-year, fixed-rate, Freddie Mac loans with 48 months of interest-only payments.