Financings
JLL Capital Markets recently announced the successful securing of $18.7 million in HUD funding for Elk River Senior Living in Elk River, Minnesota. This funding helped consolidate five debt obligations related to the construction of the community back in 2018.
Located in a residential and commercial neighborhood, Elk River Senior Living continues to thrive thanks to this financing.
Transactions
Blueprint managed the sale of a 37-unit assisted living and memory care community in a submarket of Atlanta, Georgia. Leveraging their expertise from a similar portfolio sale in 2023, Blueprint guided the client in choosing a repeat buyer known for execution certainty.
The transaction closed on time and at the expected price, showcasing Blueprint’s effectiveness in the market.
Additionally, Blueprint was engaged by a national developer to sell a Class A assisted living and memory care community in West Palm Beach, Florida. Despite challenges in stabilization, the community showed positive momentum in 2022 and 2023.
Seeking to de-lever and conserve liquidity, the owner sold the property to Capital Senior Ventures, a trusted repeat counterparty as per the press release.
