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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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