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JLL Arranges Financing for Minneapolis-St. Paul Senior Housing Portfolio
JLL Capital Markets recently facilitated the acquisition financing for three separate senior living communities in the Minneapolis-St. Paul area. JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies.
The Waters Senior Living will continue to manage the communities, expanding their partnership to a total of four locations. The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. The three properties consist of 321 units in total.
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.
The properties were constructed in the past ten years and have demonstrated robust performance, featuring close proximity to medical facilities, recreational activities and high-quality services in the twin cities.
