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Phoenix & Southwest  + Arizona  + Senior Housing  |  September 23, 2024
JLL arranges financing for 5 AZ sr housing projects
Mike Boyd
By: Mike Boyd

JLL Obtains Refi for 5 Phoenix-Area Senior Housing Properties

JLL Capital Markets arranged a $96.5 million refinancing for a five-property seniors housing portfolio consisting of 971 units located in Phoenix, Mesa, Sedona and Chandler.

Douglaston Development and The Hampton Group Inc. were the borrowers.  

The portfolio, which was recently renovated between 2021 and 2024, consists of 510 independent living units, 339 assisted living units and 122 memory care units within five communities. All of the communities are located in strong senior housing markets of Phoenix, Mesa, Sedona, Peoria, Youngtown and Chandler, where the 75+ population represents almost 20% of the population in the surrounding areas. 

Individual property details are listed below:

Canyon Winds, Mesa

Chapparal Winds, Surprise

Desert Winds, Peoria

Sedona Winds, Sedona

Ventana Winds, Youngtown

 The JLL Capital Markets Debt Advisory team representing the borrower was led by Alanna Ellis, Brad Miner and Ace Sudah.

Read More News Stories About: JLL
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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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