The other two properties are in Boca Raton, FL, and Mercer Island, WA.
The transaction is a refinancing on a loan that originated between Sunrise and GE Capital in 1994.
Sunrise officials were not immediately available for comment, and a GE Capital representative was not aware of the terms of the previous loan.
The refinancing has a three-year term with optional extensions.
Sunrise operates 200 homes for seniors in the US, Canada and UK.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
