JV Receives $70M Loan for Seniors Housing Portfolio

PHOENIX-A portfolio of five seniors housing properties owned by Sunrise Senior Living Inc. and CNL Healthcare Trust Inc. has received financing from Prudential Mortgage Capital Co.

By GlobeSt News Hub | August 09, 2012 at 01:01 AM

PHOENIX-A portfolio of five seniors housing properties owned by Sunrise Senior Living Inc. and CNL Healthcare Trust Inc. has received financing from Prudential Mortgage Capital Co. The joint venture partners obtained a $70-million loan from the mortgage lender to finance the seniors housing communities.

The five assisted living, independent living and memory-care facilities, located in the western, mid-western and eastern regions of the county, comprise 517 units. The largest property is Sunrise of Gilbert. For the full story, go to Commercial Property Executive .

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