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9/24/24
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Douglaston Development and The Hampton Group Inc have obtained $96.5 mil in refinancing for a five-property seniors housing portfolio consisting of 971 units located in the Phoenix, Mesa, Sedona and Chandler metropolitan areas of Arizona.
16617 N West Point Pkwy., Surprise, AZ |
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The portfolio, which was recently renovated between 2021 and 2024, consists of 510 independent living units, 339 assisted living units and 122 memory care units within five communities. All of the communities are located in strong seniors housing submarkets of Phoenix, Mesa, Sedona and Chandler, where the 75+ population represents almost 20% of the population in the surrounding areas.
Individual property details are listed below:
Canyon Winds:
Independent living: 2851 N Boulder Canyon, Mesa, AZ 85207
Assisted living: 7311 E Oasis St, Mesa, AZ 85207
Chaparral Winds:
Independent living: 16617 N West Point Pkwy., Surprise, AZ
Assisted living: 16623 N West Point Pkwy., Surprise, AZ
Desert Winds:
Independent living: 20554 N. 101st Ave, Peoria, AZ
Assisted living: 20545 N. Lake Pleasant Rd., Peoria, AZ
Sedona Winds:
Independent living: 405 Jacks Canyon Rd., Sedona, AZ
Assisted living: 475 Jacks Canyon Rd., Sedona, AZ
Ventana Winds:
405 Jacks Canyon Rd., Youngtown, AZ
Alanna Ellis, Brad Miner and Ace Sudah with JLL Capital Markets arranged the bank financing.
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