Cushman & Wakefield Arranges $28.7M Financing for Carlyle Group Community in Florida

by Jeff Shaw

TAMPA, Fla. — Cushman & Wakefield’s Equity, Debt & Structured Finance group has arranged a $28.7 million acquisition and re-development financing for Renaissance Senior Living, a 226-unit community in Tampa.

The borrower was The Carlyle Group, which will acquire the property and perform significant renovations. Changes include putting the levels of care offered — independent living, assisted living and memory care — into separate buildings, as well as enhancements to community amenities.

Cushman & Wakefield’s National Senior Housing Capital Markets team arranged the financing, led by Jay Wagner, managing director, and Timothy Hosmer, associate. A regional bank provided the capital.

You may also like