$57M Acquisition, Development and Financing of a Senior Living Facility – OR

Acquisition of 13 acre site from seller (who also received contribution credit in the purchasing venture) for construction of a new $57 million senior living facility including independent living cottages and apartments, assisted living units and memory care units. The transaction included the formation of a new Venture with a national equity investment group, as well as a sub-venture with a “friends and family” investment group, and the closing of a $40.1 million construction loan.