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Chicago & Midwest  + Midwest  + Senior Housing  | 

KeyBank Secures $84M for Midwest Health Portfolio

KeyBank Real Estate Capital (KBREC) secured $84 million of financing through Fannie Mae for an 11-property portfolio consisting of independent living and assisted living facilities owned and operated by Midwest Health. Lee Delaveris of KBREC led the transaction.

The portfolio comprises 584 units with properties located in multiple locations in Kansas and Iowa. This transaction represented the first advance under a new Fannie Mae credit facility established by KBREC for Midwest Health.

Based in Topeka, KS, Midwest Health operates 59 seniors housing communities including independent living, assisted living, memory care and skilled nursing facilities in five states.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
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