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Brookdale Senior Living Secures $344M Fannie Mae Loan for 14-State Portfolio
JLL Capital Markets secured a $344.2-million agency lending for the Brookdale Senior Living Portfolio, comprising 47 senior living communities across 14 states. A Capital Markets Debt Advisory team led by managing director Allison Holland and associate Alex Sheaffer represented Brookdale Senior Living in originating 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, according to JLL. The portfolio benefits from geographic diversification as well as a range of sizes, with properties ranging from 32 to more than 300 units.
