January 14, 2025 (press release) –
PORTLAND, OR. Jan. 14, 2025 – JLL Capital Markets announced today that it has arranged $39.98 million in acquisition financing for a portfolio of three seniors housing communities totaling 344 units in Eugene and Springfield, Oregon on behalf of a local operator.
JLL worked on behalf of the borrower to secure the three-year, floating-rate regional bank financing. Proceeds were used to acquire the three properties.
The portfolio consists of Evergreen Senior Living, Timber Pointe and Woodside Senior Living, which together offer 43 independent living, 245 assisted living and 56 memory care units. All of the properties were built between 1996 and 2006 and were all fully renovated in 2021. Amenities include on-site dining, complimentary transportation, tv lounges, libraries, beauty salons and barber shops, game rooms, movie or theatre rooms, billiards lounge and more.
Evergreen Senior Living is located at 3670 N. Clarey St. in Eugene between the Randy Pape Beltline and State Highway 99, northwest of downtown Eugene. Timber Pointe and Woodside Senior Living are adjacent to each other at 4865 and 4851 Main St in Springfield.
The JLL Seniors Housing Capital Markets team representing the borrower was led by Senior Director Alanna Ellis and Associate Alex Sheaffer.
“This portfolio represents a tremendous addition to this operator’s portfolio,” said Ellis. “JLL was excited to work alongside our client to achieve very favorable financing.”
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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