(To read more on the multifamily market and the debtand equity markets, click here.)
ORLANDO-Locally based CNL and American Retirement Corp. ofNashville are closing on a four-property acquisition of TownVillage independent living communities, thanks to a fast-track,$140-million financing package brokered by Philadelphia-basedRemington Financial Group. RFG didn't identify the lender. Threeproperties are in Dallas and the other in Kansas City.
RFG president Matthew E. McManus, who led his company'snegotiating team, says his group "quickly understood the borrower'sand operator's business plan and its complex financing needs, andwas able to articulate the requirements to a limited number ofhighly qualified [national] lenders and investors."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
