JLL Capital Markets secured a $344.2 million agency lending for the Brookdale Senior Living Portfolio, comprising 47 senior living communities across 14 states.
JLL represented the borrower, Brookdale Senior Living, to originate the seven-year, fixed-rate loan under its Master Credit Facility Agreement with Fannie Mae. Proceeds were used to repay $312.5 million of variable rate debt due September 2027. The loan will be serviced by JLL Real Estate Capital, LLC.
The Brookdale Senior Living Portfolio consists of 5,102 units offering a diverse range of care options including independent, assisted and memory care units. This mix allows Brookdale Senior Living to cater to seniors with varying levels of care needs, from those seeking an active, independent lifestyle to those requiring more specialized care such as memory care services. The 47-property portfolio benefits from geographic diversification across 14 states, with properties ranging from 32 to over 300 units.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Allison Holland and Associate Alex Sheaffer.
