KeyBank Real Estate Capital secured $84 million of financing through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health.
The portfolio comprises 584 units with properties located in multiple locations in Kansas and Iowa. This transaction represented the first advance under a new Fannie Mae credit facility established by KBREC for Midwest Health.
Based in Topeka, Kansas, Midwest Health operates 59 seniors housing communities including independent living, assisted living, memory care and skilled nursing facilities in five states.
Lee Delaveris of KBREC led the transaction.