JLL closes sale and financing of seniors housing portfolio for Harrison Street and Brightview Senior Living
The eight-property portfolio totals 1,186 units across the Baltimore, Philadelphia, Providence and Boston metropolitan areas
BOSTON, Dec. 18, 2024 – JLL’s Capital Markets group announced today that it has completed the sale and financing of an eight-property seniors housing portfolio totaling 1,186 units within four major metropolitan areas in the Mid-Atlantic and Northeast.
JLL’s Seniors Housing Capital Markets team represented the seller, a joint venture between Harrison Street and Brightview Senior Living, in the sale of the portfolio to funds managed by Morgan Stanley Real Estate Investing. Brightview Senior Living will continue to operate the communities and will have an ownership interest in the portfolio with MSREI. Additionally, JLL worked on behalf of the buyer to secure the acquisition loan through Freddie Mac.
The predominantly independent living portfolio totals eight properties located across the Baltimore, Philadelphia and Boston-Providence metropolitan areas. These senior living properties have consistently demonstrated strong operational performance and feature a variety of amenities including restaurant-style dining, game rooms, libraries and fitness centers.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.