JLL arranges $975 million financing for Brookdale Senior Living

News provided by

Sep 06, 2017, 16:22 ET

ST. PAUL, Minn., Sept. 6, 2017 /PRNewswire/ -- JLL's Capital Markets experts announced today the company closed a $975 million Fannie Mae credit facility for Brookdale Senior Living, the largest owner and operator of senior living communities throughout the U.S. The portfolio financing included properties across 16 states.

Managing Directors Jessica Wolters and Allison Holland led the JLL team on the financing.

"This is a diverse portfolio with properties from coast to coast and various care levels, including a small amount of skilled nursing," said Holland. "Our deep-rooted knowledge in seniors housing lending and standing as one of the nation's largest Agency lenders enabled us to quickly put together an ideal agreement for the financing."

"This is by far the biggest loan Brookdale has closed," added George Hicks, Executive Vice President at Brookdale. "We were very pleased with the process and impressed with how well JLL managed its orchestration."

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The company's team of over 200 professionals provides comprehensive investment sales and dispositions services with access to thousands of domestic and foreign investors. JLL is also one of the nation's largest multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

For more, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more content including videos and research resources on JLL, please visit the firm's U.S. media center webpage: http://bit.ly/18P2tkv.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll/
https://twitter.com/jll
https://plus.google.com/+joneslanglasalle

Contact: Maggie Nichols
Phone: +1 312-228-3837
Email: [email protected]

SOURCE JLL