An affiliate of The Inland Real Estate Group of Companies announced it received acquisition financing of three independent, assisted living and memory-care communities in the greater Minneapolis-St. Paul MSA.
JLL represented the borrower. The Waters Senior Living will continue to manage the communities for Inland, and this transaction expands their relationship to four communities.
The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50th. The three properties consist of 321 units, with 223 dedicated to independent living/assisted living and 98 to memory care. The properties were constructed in the past 10 years and have demonstrated robust performance.
