JLL Capital Markets has arranged the acquisition financing of three independent, assisted-living and memory-care communities in the greater Minneapolis-St. Paul MSA.
JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to manage the communities for Inland and this transaction expands their relationship to four communities together.
The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. The three properties consist of 321 units total, with 223 dedicated to independent living/assisted living and 98 to memory care. The properties were constructed in the past 10 years and have demonstrated robust performance.
The seniors housing assets within the portfolio offer a wide range of amenities and services designed to cater to the evolving needs of the aging population. Proximity to medical facilities, an array of social and recreational activities and high-quality care services have positioned these properties as a top choice for seniors seeking an enriched lifestyle in the twin cities.
The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Director Sam Dylag, Associate Jack Griffin, Managing Director Jeff Lepley, Associate Alex Sheaffer and Senior Managing Director Elliott Throne.
