JLL arranges sale and financing of Georgia seniors housing community
United States, Dec. 15 -- JLL Capital Markets announced today that it has completed the sale and financing of The Phoenix at Braselton, a recently completed, 162-unit seniors housing community in Hoschton, Georgia.JLL represented the seller, Phoenix Senior Living, and procured the buyer, an affiliate of GEM Realty Capital. JLL also worked on behalf of GEM to secure a three-year, floating-rate acquisition loan through a large regional bank. The financing package includes funding for GEM's planned expansion of the community, which is expected to add 14 independent living cottage units. Built in 2020, The Phoenix at Braselton is currently 93% occupied and offers a full continuum of care with 90 independent living units, 48 assisted living unit...
To read the full article or to get the complete feed from this publication, please
Contact Us.