Large refinancing secured for Brookdale Senior Living
JLL Capital Markets led refinancing efforts for large portfolio on behalf of Brookdale
DALLAS, Jan. 9, 2024 – JLL Capital Markets announced today that it closed a seven-year fixed rate loan for $179,541,000 with Fannie Mae on behalf of Brookdale Senior Living. Proceeds were used to refinance a seven-year tranche of a large credit facility that Brookdale closed with JLL and Fannie Mae in 2017. The collateral consists of 47 total properties and 5,102 units that are geographically diversified among 14 states. Brookdale is a repeat client of JLL and Fannie Mae and the largest seniors housing operator in the U.S.
The JLL Capital Markets team was led by Allison Holland and Alex Sheaffer.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm'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 firm 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 106,000 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.