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Chicago & Midwest  + Midwest  + Senior Housing  | 

BWE Arranges $240M Recapitalization of Midwest Seniors Housing Portfolio

BWE arranged an approximately $240 million recapitalization of a multi-property seniors housing portfolio located across three major metropolitan markets in the Midwest.

BWE served as exclusive capital markets advisor to O’Reilly Development Company, LLC, a Springfield, Missouri-based real estate developer and investor, in capitalizing the transaction. The portfolio comprises purpose-built Independent Living, Assisted Living, and Memory Care communities developed and managed by O’Reilly Development Company between 2019 and 2022.

The assets are geographically diversified across three major Midwestern metropolitan statistical areas. The communities are fully stabilized, operating at occupancy levels ranging from 96% to 99%. The portfolio is managed by Arrow Senior Living, a St. Charles, Missouri-based regional operator. Arrow is co-invested alongside O’Reilly in the venture.

“Our job was to make sure the capital markets outcome reflected the quality of this portfolio, and we’re proud of what the team delivered for O’Reilly and their residents,” said Ryan Stoll, National Director of Seniors Housing Capital Markets at BWE.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.