Caddis, a national healthcare real estate firm headquartered in Dallas, recently refinanced a six-property Heartis senior living portfolio of 642 assisted living and memory care units for a total of $108 million in debt originated by Key Bank.
The facilities are located in Illinois and Texas.
This is Caddis’ second Heartis community portfolio recapitalization this year. The two refinancings represent a grand total of 1,048 units and $170 million in new debt.
One of the refinanced properties is the 108-unit Heartis Peoria in Peoria, Illinois. All properties feature assisted living and memory care apartments.