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Sign in Sign up for a FREE subscriptionDouglaston Dev., The Hampton Group secure $97m refinancing for Arizona senior housing portfolio
Douglaston Development and The Hampton Group have secured $96.5 million 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.
JLL worked on behalf of the borrower to secure the bank financing.
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-plus population represents almost 20 percent of the population in the surrounding areas.
Individual property details are listed below:
Canyon Winds: Independent living: 2851 N Boulder Canyon, Mesa, Ariz. Assisted living: 7311 E Oasis St, Mesa, Ariz.
Chaparral Winds: Independent living: 16617 N West Point Pkwy., Surprise, Ariz.
